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    ARBK   JO1302311013

ARAB BANK GROUP

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Arab Bank : Announces Winners of Visa E-Commerce Promotional Campaign

05/17/2015 | 09:25am EDT
Arab Bank Announces Winners of Visa E-Commerce Promotional Campaign

17 May, 2015

Arab Bank recently concluded its e-commerce promotional campaign, in collaboration with Visa, for Visa credit card and Visa internet-shopping card holders.

The campaign ran during the month of April 2015 in Jordan, Palestine, Egypt, Lebanon, the UAE, Qatar and Bahrain. Campaign offered the winners with cashback rewards and bonuses when using their Visa credit and internet-shopping cards to shop online.

Naim Al Hussaini, Executive Vice President - Head of Consumer Banking at Arab Bank - said: "This unique campaign falls within Arab Bank's strategy to promote internet shopping and reward our customers who use their Visa credit and internet-shopping cards with exclusive offers."

Karim Beg, Visa Head of Marketing for MENA, said: "eCommerce growth in the MENA region has been strong in recent years, with consumer interest driving a greater influx of new merchants in the online market. He added, "We are pleased to cooperate with Arab Bank to offer cardholders the benefit of Verified-by-Visa that guarantees a seamless online shopping experience and peace of mind with every purchase."

It is worth noting that Arab Bank offers a variety of Visa credit cards with diverse financial and lifestyle features designed to meet cardholders' expectations. To learn more about the cards and its benefits please visit the bank's website or call the contact center.

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© Publicnow 2015
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Financials (USD)
Sales 2021 1 910 M - -
Net income 2021 587 M - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 3,99%
Capitalization 4 525 M 4 522 M -
Capi. / Sales 2021 2,37x
Capi. / Sales 2022 2,13x
Nbr of Employees -
Free-Float 53,7%
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Number of Analysts 2
Last Close Price 7,06 $
Average target price 8,88 $
Spread / Average Target 25,7%
Managers and Directors
Nehme Elias Nehme Sabbagh Chief Executive Officer
Ghassan Hanna Sulaiman Tarazi Chief Financial Officer
Sabih Taher Darwish Al-Masri Chairman
Basel Fayez Moussa Abdel Nabi Head-Information Technology
Eric J. Modave Chief Operating Officer