The Board of Directors of Bank ABC (Arab Banking Corporation B.S.C.), after further consideration following its meeting held on 12 Feb. 2023, has now resolved to recommend dividends for the year ended 31 December 2022 to the shareholders, whose names are registered on the company's register on the Record Date. Such recommendation is subject to the approval of the company's shareholders in the upcoming Annual General Meeting.

The proposed distribution is as follow: Cash Dividend: 1.5% dividend or USD 1.5 cents for each outstanding share (net of treasury shares) for approximately a total of USD 46.4 million. The dividend payable on 05 April 2023 to the shareholders recorded on 22 March 2023,Ex-Dividend Date is 21 March 2023 and Cum-Dividend Date is 20 March 2023.