jordan pulse -
Can a public shareholding company distribute 40% of its profits to shareholders? More remarkably, can it break the billion-dollar mark in total earnings? Arab Bank did just that, setting a historic record with over $1 billion in profits—an achievement that underscores its financial strength and the success of its leadership under Sabih Masri. Steering the bank through economic turbulence, Masri has propelled it to unprecedented heights.
The bank's 2024 financial results are nothing short of staggering, sending shockwaves through the competition. Arab Bank reported a net profit of $1.007 billion for 2024, a 21% increase from $829.6 million in 2023.
Despite his reserved demeanor, Masri’s strategic prowess speaks volumes. With his visionary leadership, Arab Bank is thriving, drawing comparisons to legendary detective Sherlock Holmes—solving financial puzzles with precision, expanding without spectacle, and delivering record-breaking performance with quiet confidence. His greatest success? Assembling an unmatched team of professionals.
Arab Bank's strength reflects Jordan’s investment appeal, attracting shareholders from around the world. The trust it commands is so deep that it hardly needs advertising—its name alone acts like a magnet for investors.
Commenting on the results, Masri stated that the bank’s achievements in 2024 crown its legacy of success, driven by diverse operations, funding sources, and revenue streams across multiple markets. He reaffirmed Arab Bank’s commitment to sustainable profit growth, with a focus on Gulf expansion.
As part of its growth strategy, the bank has secured a final banking license in Iraq, set to commence operations in early 2025. Additionally, it is enhancing its wealth management and private banking services through the planned merger of Arab Bank Switzerland’s subsidiary, Bank Gonet, with Swiss bank ONE.
Arab Bank’s financial resilience remains evident, with operating profits climbing 7% to nearly $2 billion. Assets rose 6% to $71.2 billion, while its loan portfolio expanded 6% to $38.3 billion, and customer deposits grew 5% to $52.2 billion.
Masri’s unshaken composure in the face of staggering success cements his reputation as a financial mastermind—an untouchable success story in the world of banking and investment.
Simply put: Those who follow Sabih, prosper.