ALUBAF Arab International Bank‘s Net profit  soared to USD 15.4 M for the year ended 31 December 2010,  signifying an  increase of 88% over last year.  2010 had been a year of phenomenal performance , all revenue streams contributed  significantly to the Net profit. 
Net interest income climbed by  63%, income from fees and commissions climbed by 105% and foreign exchange gains realized climbed by 290% over last year results.  ALUBAF‘s  total assets  reached USD 1,079 Million, an increase of 47% over last year. 

The Bank’s Board of Directors have recommended a dividend, which is subject to regulatory and shareholders approval, a cash dividend of 5% of Paid up Capital i.e., a distribution of USD 10 million, at USD 2.50 per equity share. 

General Manager, Mr. Ahmed Rajab stated that he is optimistic that  ALUBAF will propel the current momentum of growth for 2011 and the Bank proposes to further increase its capital  to USD 250 MM to fund its expansion in business.