BANK ABC (Arab Banking Corporation) held its annual ordinary general meeting (AGM) and extraordinary general meeting (EGM) virtually yesterday.
The meetings were chaired by the group chairman Naji Belgasem.
During the AGM, the shareholders approved, amongst other resolutions, the bank’s consolidated financial statements for the year ended December 31, 2025, with net profit attributable to shareholders of parent of $257 million, underpinned by a resilient performance with total revenue crossing $1.4 billion.
They also approved the board’s recommendation to distribute a dividend of $85.1m, approximately 33pc of the group’s annual profit, with a retention of 67pc of net profit to strengthen capital and support future growth.
During the EGM, the shareholders approved an AT 1 issuance of up to $200m, reinforcing the group’s commitment to maintaining robust capital ratios while supporting future growth.
Commenting on the financials, Mr Belgasem said: “The group’s performance in 2025 reflects the resilience of our strategy, the quality of our franchise and the disciplined execution of our long-term priorities. As we look ahead, we remain focused on sustainable growth, maintaining strong capital and liquidity, and continuing to support our clients across our markets.
“The approvals at this year’s AGM and EGM further strengthen the group’s capital base and position the bank to pursue its strategic objectives with confidence, while continuing to navigate the challenging geopolitical environment with resilience, effectively serving the group’s customers and shareholders.”
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