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الاقتصادية
"National Arab" profits rise 6.5% from asset sales
The Arab National Bank achieved a net profit increase of 6.5% during the second quarter of 2026, reaching 1.42 billion riyals, compared to 1.33 billion riyals in the same period of the previous year. The rise was driven by growth in net gains from financial instruments, sales of investments, foreign currency conversions, income from other operations, and profits from private commissions, despite some decline in credit loss provisions and operating costs. Additionally, the bank approved a dividend distribution of 1.29 billion riyals for the first half of 2026, at a rate of 65 halalas per share, with eligibility date on July 23 and distribution on August 4, as part of its financial activities and expansion plans.
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