The Chairman of the Board of Directors of Al-Saray Bank for Trade and Investment, Noman Al-Buri, said that the shareholders’ equity in the Bank at the beginning of the current year 2023 exceeded 350 million dinars, indicating that the bank’s growth rate during the past ten years amounted to 760%.
Al-Buri clarified that after he assumed the presidency of the Board of Directors of ATIB in 2012, the bank was evaluated in the following year by one of the leading international auditing firms, and the shareholders’ rights were proven within the limits of 16 million dinars, equivalent to 5 dinars per share. He added that after just 5 years, specifically in 2018, the bank was reevaluated, and the share value increased to 22 dinars, with a growth rate of 440%. Now, with the beginning of 2023, shareholders’ equity has exceeded 350 million dinars, representing a growth rate of 760% over 10 years.
The General Assembly of Al-Saray Bank had approved, during its regular meeting held on December 18, the bank’s board of directors’ proposal regarding the distribution of profits, so that 1.5 dinars would be distributed for each share, or an average of 15% return on each share, after the bank achieved profits during the past year 2021 amounting to approximately 15 million dinars.