VOL. XLIII

No. 30

24-July-2000

BAHRAIN

Arab Banking Corporation Sees Profits Rise By 348% In 1999 With Reduced Global Exposure

Following the banks Annual General Meeting, Arab Banking Corporations (ABC) shareholders agreed to reinstate a 1999 dividend payment of $0.60 per share (6%) following a freeze the previous year. The decision reflects an upturn in performance for the bank the regions largest in terms of assets after a challenging 1998 marked by declining asset quality, notably due to...