- Arab National Bank‘s profit for the third quarter reached 1.24 billion riyals, which represents a 16% increase compared to the same period last year.
- The profit figure exceeded analysts’ expectations, which were set at 1.2 billion riyals.
- Operating expenses for the bank were reported at 789 million riyals.
- Total assets of Arab National Bank stand at 240.96 billion riyals.
- The bank has investments amounting to 49.70 billion riyals.
- Net loans provided by the bank total 166.33 billion riyals.
- Total deposits held by Arab National Bank are 180.84 billion riyals.
- Analyst recommendations include 6 buy ratings, 4 hold ratings, and no sell ratings for Arab National Bank.
A look at Arab National Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Arab National Bank, a financial institution providing a range of banking services, has been rated using the Smartkarma Smart Scores system. The scores assigned to the bank indicate a positive long-term outlook. With top scores in Value and Dividend factors, Arab National Bank is positioned well in terms of its financial attractiveness and dividend payout to investors. The scores for Growth and Resilience are also solid, reflecting the bank’s potential for sustainable growth and ability to withstand challenges.
While the bank scores lower in Momentum, suggesting a slower pace compared to other factors, the overall outlook for Arab National Bank appears promising. Through attracting deposits and offering a variety of banking services including retail, corporate, investment, private banking, and treasury services, Arab National Bank demonstrates a strong foundational base for continued success in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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