Arab national Bank
Arab National Bank is a Saudi joint stock company, which is within listed on the Saudi Stock Market companies (trading), and is the bank one of the largest 10 banks in the Middle East, founded in 1979, the Bank operates through 197 widespread branch in Saudi Arabia, and the bank branch International in London opened in 1991.
The Bank offers all commercial and Islamic banking services to individuals and companies through its branches, as well as financial advice, investment and wealth management, mutual funds, brokerage, trading and local and international trading in securities, foreign exchange and treasury services, investment services, and a bank's capital six billions and a half billion Saudi riyals.
Bank activities:
The principal activity of the bank in four activities are:
Retail banking: The financing products, deposits, investment and credit to individuals.
Corporate Banking: The Bank provides the financing products, deposits, credit institutions and companies, small and medium businesses across all the bank's branches throughout the Kingdom of Saudi Arabia and its branch in London.
Treasury Services: is the investment and trading and trafficking and to provide funding and liquidity management, currency risk and portfolio management commissions.
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Manpower: it works with the bank more than 3,600 employees.
Arab National Bank to increase capital [edit]
In the Council of Saudi Arab National Bank's management decided to recommend to the General Assembly is normal to be held during the first quarter of 2011, an increase of the bank's capital by 31% from 6,500 million riyals (1733 million dollars) to 8,500 million riyals (2266 million dollars), and been head increase money by giving four shares for every 13 shares, bringing the number of shares to rise from 650 million shares to 850 million shares, and the objective of the capital increase is to strengthen the capital base of the bank, which contributes to achieving good growth rates in the coming years
Source-rebounds
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