Arab National Bank
| Name | Arab National Bank | |
| Sector | Finance & Insurance - Commercial Banks | |
| Trading | Tadawul | |
| RIC Code | 1080.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Arab National Bank was founded in 1979 out of the Saudi Arabian operations of Arab Bank of Jordan, one of the Middle East's leading financial institutions. It is 40 per cent owned by Arab Bank and 60 per cent by Saudi Arabian shareholders.
The bank has experienced a sharp turnaround in the 1990s following the appointment of a new management team. In 1998, Nemir Sabbagh, former senior executive at National Bank of Kuwait (NBK), was appointed managing director.
This has led to changes in policy and has had an impact on profit trends. Arab National Bank's 1999 financial results show that the balance sheet grew by 3.48 per cent to SR 35,914 million ($9,580 million).
Among features of the year was a 32 per cent reduction in the amounts placed with other banks. Loans and advances, in contrast, grew by 28 per cent to SR 12,906 million ($3,441 million). This was the second highest rate of increase in lending among Saudi banks in the year.
Nevertheless, the loan/assets ratio at the end of 1999 was still only 36 per cent. Customer deposits advanced by 5 per cent in the year to 68 per cent of the balance sheet. Equity was boosted by 2.8 per cent through reserve building.
The bank reported a 9.8 per cent rise in net income to SR 330.2 million ($88 million). Loan loss provisions rose by 8.3 per cent in the year, sharply less than in 1998. Total operating expenses were barely changed from the 1998 level.
These developments led to healthy trends in the principal measures of profitability. Operating income/operating cost rose to 128.59 per cent. Return on end-period assets advanced to 0.92 per cent. Return on end-period equity rose to 10.
8 per cent. Arab National Bank, the fifth largest bank in Saudi Arabia in terms of assets, is well-placed to capitalize on its connection with Arab Bank.
The bank has experienced a sharp turnaround in the 1990s following the appointment of a new management team. In 1998, Nemir Sabbagh, former senior executive at National Bank of Kuwait (NBK), was appointed managing director.
This has led to changes in policy and has had an impact on profit trends. Arab National Bank's 1999 financial results show that the balance sheet grew by 3.48 per cent to SR 35,914 million ($9,580 million).
Among features of the year was a 32 per cent reduction in the amounts placed with other banks. Loans and advances, in contrast, grew by 28 per cent to SR 12,906 million ($3,441 million). This was the second highest rate of increase in lending among Saudi banks in the year.
Nevertheless, the loan/assets ratio at the end of 1999 was still only 36 per cent. Customer deposits advanced by 5 per cent in the year to 68 per cent of the balance sheet. Equity was boosted by 2.8 per cent through reserve building.
The bank reported a 9.8 per cent rise in net income to SR 330.2 million ($88 million). Loan loss provisions rose by 8.3 per cent in the year, sharply less than in 1998. Total operating expenses were barely changed from the 1998 level.
These developments led to healthy trends in the principal measures of profitability. Operating income/operating cost rose to 128.59 per cent. Return on end-period assets advanced to 0.92 per cent. Return on end-period equity rose to 10.
8 per cent. Arab National Bank, the fifth largest bank in Saudi Arabia in terms of assets, is well-placed to capitalize on its connection with Arab Bank.
Shareholding Groups
| Individuals | N/A |
| Institutions | 40% |
| Floating | N/A |
| Government | N/A |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 109.25 | 3424.18 |
| YTD % |  17.268% |  0% |
| Weekly % | 17.268% | 5.55% |
| Year High | SAR 159.3 | 9083.39 |
| Year Low | SAR 87.03 | 3296.01 |
| 52 Week High | SAR 160.2 | 4532.55 |
| 52 Week Low | SAR 99.53 | 2983.01 |
| BETA | 1.1771 | |
| Outstanding Shares | 325,000,000 | |
| Market Cap | SAR 35,506,250,000 | |
| Market Cap in $ | USD $9,468,333,333 | |
| % of Saudi_Arabia Market | 2.89% | |
| % of Sector | 7.72% | |
| Rank by Cap | 9 |
Key Figures in '000 SAR
| 2005 | 2004 | 2003 | |
| Total Assets | 67,492,079 | 63,335,787 | 49,200,890 |
| Shareholder's Equity | 6,061,932 | 4,794,418 | 3,977,341 |
| NIAT | 1,827,632 | 1,166,801 | 766,516 |
| Dividends | 250,000 | 160,000 | 576,000 |
Financial Ratios
| 2005 | 2004 | 2003 | |
| Assets Growth | 6.56% | 28.73% | 11.07% |
| Earning Growth | 56.64% | 52.22% | 31.25% |
| ROaA | 2.79% | 2.07% | 1.64% |
| ROaE | 33.67% | 26.60% | 20.37% |
| No. Of Shares | 50,000,000 | 40,000,000 | 36,000,000 |
| EPS | 36.55 | 29.17 | 21.29 |
| EPS Growth | 56.64% | 52.22% | 31.25% |
| Payout Ratio | 13.679 | 13.713 | 75.145 |
Valuation Ratios
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