The Arab Banking Corporation, based in Bahrain, reported $762 million operating revenues in 2001, a seven percent climb compared with 2000, reported Al-Hayat. The Board of Directors of the Arab Banking Corporation, which is the largest bank in the Arab World, recommended the distribution of seven percent dividends to stockholders, which is equivalent to $0.7 per stock. The corporation’s net income in 2001 totaled $102 million. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
