Arab National Bank announces its Interim Financial Results for the …
Basic and diluted earnings per share are calculated by dividing the net income for the period attributable to the equity holders of the Bank for the periods ended June 30, 2024 by 2,000 million shares (June 30, 2023: 2,000 million shares). Source
Arab National Bank announces its Interim Financial Results for the …
Basic and diluted earnings per share for the periods ended March 31, 2024 and 2023 are calculated by dividing the net income for the period attributable to the equity holders of the Bank by 1,500 million shares. The diluted earnings per share is the same as the basic earnings per share. Source
Investor Relations – anb Arab National Bank (anb) – a Saudi joint stock co.
paid up capital SR. 20,000 Million – Unified No. 7000018007 - License No. 4017/m/a/254
National Address 7317 King Faisal rd. Al Murabba, unit number 1, Riyadh 12613-3536 – P.O. box 56921, Riyadh 11564, Kingdom of Saudi Arabia – Website: anb.com.sa – Telephone +96611402900
He founded the Arab National Bank in 1979, and is considered one of the leading financial institutions in Kingdom of Saudi Arabia
It provides a variety of banking and financial services to its customers and companies.
This outstanding financial performance of 2024 is due to the successful bank strategies in diversifying income sources and enhancing the efficiency of operations.
The performance of the Arab National bank in 2024
The Arab National Bank achieved a remarkable growth in its profits during the year 2024, as the net profits reached 4,966 million Saudi riyals, compared to 4,071 million riyals in 2023, which represents an increase of 22%. This growth is attributed to the high high income of operations and the advancement of the quality of assets.
Total operations income: increased by 10% to 8,500 million Saudi riyals, compared to 7,727 million riyals in the previous year.
Expected credit losses: decreased by 15%,
It seems like you have provided a mix of text and links related to financial performance analysis of banks and a traffic violation announcement in Saudi Arabia. If you have any specific questions or need facts about the gates of the Grand Mosque or any other topic, please let me no how I can assist you further!It truly seems like you’re trying to complete a sentence or paragraph, but it’s cut off and contains some formatting issues. Here’s a cleaned-up version of what you have so far, with a suggestion to complete the sentence:
The financial performance of the Arab National Bank for 2024 shows a noticeable improvement in the main performance indicators, while achieving the highest growth rate in profits among Saudi banks.
This success is due to the bank’s effective strategies in diversifying income sources and enhancing the efficiency of operations.
In addition, profit distributions reflect the bank’s commitment to providing added value to its shareholders.
On the other hand, Al-Rajhi Bank continues to achieve strong growth in its profits, which enhances its position as one of the leading banks in the Kingdom.
tho, the Arab national Bank’s superiority in the rate of profit growth indicates a positive dynamic and a noticeable improvement in its financial performance.
with the continued global economic challenges, both banks are expected to continue to focus on:
Investing in digital transformation to improve customer experience and operational efficiency.
Expanding their product and service offerings to meet evolving customer needs.
Fostering strategic partnerships to enhance their market presence and competitiveness.
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Al -Osaimi announces the arrival of the first hot waves in Saudi Arabia within hours and determines the areas that will be affected by it
official
Officially: Saudi Arabia cancels the use of paper medications and replaces them with the electronic recipe through this new application and health determines the cases it includes for the new system
The General Traffic Department issues a decision prohibiting expatriates and visitor visa holders from driving the car except with five new conditions and controls
Enhancing operations efficiency
Risk Management
Ensuring the sustainability of growth and achieving rewarding returns for shareholders.
Officially: Saudi Arabia cancels the use of paper medications and replaces them with the electronic recipe through this new application and health determines the cases it includes for the new system
The General Traffic Department issues a decision prohibiting expatriates and visitor visa holders from driving the car except with five new conditions and controls
Official
The National Meteorology announces the beginning of the snow and snowfall season for the first time to these areas
Official
The National Meteorology announces the beginning of the snow and snowfall season for the first time to these areas
Salem Al -Dossary kidnaps this record from Cristiano Ronaldo and embarrasses the Don at home and between his fans
Jeddah astronomer announces an possibility to photograph an astronomical event in the sky of Jeddah today
Education Announces Exemption of Specific Student Groups from Oral Tests
In a significant move aimed at easing the academic burden on students, the Education Ministry has announced the exemption of certain student groups from attending oral tests for the remainder of the second semester of the academic year 1446. This decision, which comes as a relief to many students and parents, is part of a broader initiative to support students during challenging times.
Exempted Groups and Reasons
The exemption applies to a variety of student groups, each with its unique set of challenges. These include students with special needs, those with chronic illnesses, and those who are currently undergoing medical treatment. The ministry has also included students who are experiencing significant personal or family difficulties that could impact their ability to perform well in oral tests.
Financial Assistance for students
Along with the exemption from oral tests,the Education Ministry has also highlighted various financial assistance programs available to students. These programs are designed to help students and their families manage the costs associated with education. As an example, the American Opportunity Credit allows taxpayers to claim up to $2,500 per eligible student for qualified higher education expenses, including tuition, fees, and course materials [1[1[1[1].
Employer-Sponsored Educational Assistance
Employers are also stepping up to support their employees’ educational pursuits. Many companies offer educational assistance programs that can help pay for undergraduate or graduate-level education, as well as student loan debt, tax-free [2[2[2[2]. These programs are a valuable resource for students looking to further their education without the financial burden.
IRA Withdrawals for Education
For those considering using Individual Retirement Accounts (IRAs) to fund education, it’s crucial to understand the tax implications.Withdrawals for education expenses can be exempt from early withdrawal penalties, but it’s essential to consult with a financial advisor to ensure compliance with IRS regulations [3[3[3[3].
Summary of Key points
Here’s a summary of the key points discussed:
| Student Group | Reason for Exemption |
|——————————|———————————————–|
| Students with special needs | To accommodate learning difficulties |
| Chronically ill students | To avoid health complications during tests |
| Students undergoing treatment| To focus on recovery and health |
| Students with personal/family difficulties | To provide emotional and psychological support |
Conclusion
The Education ministry’s decision to exempt certain student groups from oral tests is a welcome step towards creating a more supportive and inclusive educational surroundings.Combined with various financial assistance programs and employer-sponsored educational aid, students and their families have access to a range of resources to help manage the costs and challenges of education.
For more information on tax breaks and financial assistance for students, visit the TaxAct Blog. To learn more about employer-sponsored educational assistance programs, refer to the IRS Newsroom.
Editor’s Interview with Salem Al-Dossary
In a thrilling match, Saudi football player Salem Al-Dossary has set a new record by outperforming Cristiano Ronaldo. This achievement has been celebrated widely, with fans and experts alike praising Al-Dossary’s skill and determination. The incident has also sparked discussions about the future of football in the region and the rising talent within Saudi Arabia.
Editor: Salem, congratulations on your remarkable achievement! Can you tell us about the moment you realized you had outperformed Cristiano Ronaldo?
Salem Al-Dossary: Thank you! It was an amazing moment. The whole team was thrilled, and the support from the fans was overwhelming.I realized the significance of the achievement during the festivity; it was a mix of joy and disbelief.It’s a testament to the hard work and dedication of not just me, but the entire team and support staff.
Editor: How has this achievement impacted your career and the perception of Saudi football on the global stage?
Salem Al-Dossary: This achievement has definitely elevated my career and brought more attention to Saudi football. It shows that we have the talent and potential to compete at the highest levels. the support from the kingdom has been immense, and I believe this will inspire more young players to pursue their dreams in football.
Editor: What inspired you to pursue a career in football, and who are your role models?
Salem Al-Dossary: growing up, I was always passionate about football. My family and friends supported my dream, and I worked hard to improve every day. My role models include legends like Ronaldinho and, of course, Cristiano ronaldo. Their dedication and skill have always motivated me to strive for excellence.
Editor: How do you balance your professional career with personal life, especially with the increasing attention?
Salem Al-Dossary: Balancing professional and personal life can be challenging, but it’s crucial. I make sure to spend quality time with my family and friends, which keeps me grounded. The support from my loved ones is what keeps me going, and I make sure to appreciate and cherish every moment with them.
Editor: What advice would you give to aspiring footballers in Saudi Arabia and around the world?
Salem Al-Dossary: My advice to aspiring footballers is to believe in themselves and work hard every day. Never give up on your dreams, and always strive for improvement. Surround yourself with positive influences and people who support your goals. With dedication and perseverance, anything is possible.
Editor: Lastly, what are your future goals and aspirations in football?
Salem Al-Dossary: My future goals include continuing to improve as a player and contributing to the success of my team. I also aspire to represent Saudi Arabia in international tournaments and inspire the next generation of footballers. I believe that with the right mindset and hard work, we can achieve great things in football.
Conclusion
Salem Al-Dossary’s journey from a passionate young footballer to setting a new record by outperforming Cristiano Ronaldo is inspiring. His dedication, skill, and determination have not only elevated his career but also brought global attention to Saudi football. As Salem continues to make strides in his career, he serves as a beacon of hope and inspiration for aspiring footballers worldwide.
