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    ARBK   JO1302311013

ARAB BANK GROUP

(ARBK)
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Arab Bank PLC : Arab Bank Awarded Regional Bank of the Year

11/25/2013 | 02:37am EDT
Arab Bank Awarded Regional Bank of the Year

24 Nov, 2013

Arab Bank was awarded the title of "Regional Bank of the Year" for 2013 from Arabian Business - a leading business magazine in the Middle East during a ceremony held at the JW Marriott Marquis in Dubai. The Bank received this award in recognition of its leading banking services, positive performance and extensive role in the sustainable development of the Middle East region.

The ceremony was attended by Mr. Tony Blair - Former Prime Minister of the United Kingdom, leading economists and prominent businessmen, in addition to renowned intellectuals in the Middle East. The awards highlighted the roles of individuals and institutions that have excelled in their respective fields during the year. The Arabian Business awards are considered one of the most highly regarded honors in the business sector.

Commenting on this achievement, Mr. Nemeh Sabbagh, CEO of Arab Bank said: "We are proud to be named 'Regional Bank of the Year' for 2013 from Arabian Business magazine. This recognition affirms the Bank's leading role in the MENA region which is reinforced by its extensive regional and global network."

Mr. Sabbagh added: "The award is a testament to the Bank's experienced and capable employees as well as its strong performance and ability to overcome challenges and achieve sustainable profitability. It comes as yet another acknowledgment of the Bank's leading role in providing comprehensive banking solutions and its ongoing commitment to meeting the needs and expectations of its customers.

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© Publicnow 2013
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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