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First Bank Surpasses Al-Rajhi Bank by Over 22% in Annual Performance

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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).
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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.
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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

Source

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%,

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Future ⁤expectations

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:

  • Strengthening thier risk management strategies to​ mitigate‍ potential impacts.
  • 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

  • Enhancing operations efficiency
  • Risk Management
  • Ensuring the⁤ sustainability of ​growth and ⁢achieving rewarding⁣ returns for ​shareholders.

Saudi ​Arabia Sets Red Lines​ for Trump; New projects Transform ‌Cities

In a bold move, Saudi Arabia⁢ has drawn a clear red line for the United states, ⁣specifically targeting ⁣former President Donald Trump. The​ kingdom’s stance has been⁤ made ⁣explicit, signaling a notable shift‍ in‌ diplomatic relations.⁣ This development has sparked global interest‌ and raised questions about the​ future of bilateral ties between ⁣the two nations.

Saudi Arabia’s Strong Stance

The Saudi government has taken a firm position, ⁣making it ‌clear that certain‍ actions ⁢or⁢ policies⁣ from the U.S. ‌will not be ⁤tolerated. This move comes amid ongoing geopolitical‌ tensions and underscores the ⁢kingdom’s⁣ resolve to protect its interests.The announcement ‌has been widely covered in the media, with analysts and experts weighing in on⁢ the ⁤potential implications.

Fitness Schedules for Ramadan

As the​ holy month of Ramadan approaches, ​cities across saudi Arabia are preparing their fitness schedules to ⁢accommodate the needs of⁤ residents observing the fast. The Ministry of Education has released a extensive guide detailing ⁢the timings for fitness activities in Riyadh, Jeddah, Medina, and Dammam. This initiative ⁢aims to ensure that people can maintain their health and fitness routines‍ while adhering to the religious obligations of Ramadan.

Transformative‍ Projects in ⁤Dammam

In a ‍bid to modernize and improve urban infrastructure, Dammam is ​set to‍ witness a significant ⁣transformation.‌ A newly announced project aims to ‍reshape the⁢ city’s streets and traffic flow, promising to alleviate congestion ​and enhance ​the overall quality of life for⁤ residents. This project ‍is part of a broader effort to develop the ‍Eastern Province and position ⁣it as a key economic⁢ hub.

Astronomical Event in Jeddah

Astronomy enthusiasts in Jeddah have a‌ unique ⁣opportunity⁢ to witness and photograph a rare celestial ​event. ‌The Jeddah Astronomical Society has announced the details of⁢ this event, encouraging the public to participate and capture ⁤the moment. Such events not only⁢ provide scientific insights but also foster a‌ sense of community and shared interest among residents.

Sports Highlight: ⁣Salem Al-Dossary’s Record

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.

Summary ⁣Table

| Category ⁤‍ | Details ⁤ ‌ ⁣ ⁤ ⁤ ⁤ ⁣ ​ ⁣ ⁢ ‌ ‌ ⁤ ⁤ ‌ ⁤ |
|——————————-|——————————————————————————|
| Diplomatic Tension ⁢ ⁤ | Saudi Arabia sets red lines for the U.S., specifically targeting Trump. ‍ ‍ ⁣ |
| Ramadan⁤ Fitness ⁢ ⁣ |⁣ Comprehensive guide released for fitness timings in⁢ major cities. |
| Urban Development ⁤ ‍ ‍ | New project ⁤in Dammam to‍ transform streets and traffic flow. ​ |
| Astronomical⁣ Event | Rare celestial event⁢ in Jeddah; public encouraged to participate. ⁢‌ ⁤ |
| Sports Achievement ⁢ | Salem Al-Dossary sets new record, outperforming Cristiano Ronaldo.|

Conclusion

These developments highlight Saudi Arabia’s strategic moves on both the diplomatic and domestic fronts. From ‍setting clear boundaries with⁤ international powers to enhancing ⁤urban infrastructure and promoting ⁣community engagement, the kingdom is making significant strides. As these initiatives unfold, they promise to​ shape the future of the nation and its relationship with the global community.

For​ more detailed information, visit the Saudi Arabia ‍news ⁣portal.

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.

For more detailed information, visit the Saudi Arabia news portal.

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