JD 45 million – International Arab Islamic Bank's profit for the year 2024.

The Ordinary General Assembly of the Islamic International Arab Bank Company held its twenty-eighth meeting on 03/25/2025 using video and electronic communication technology, in order to consider the matters on its agenda.

 The meeting was chaired by Mr. Muhammad Saeed Shaheen - Chairman of the Board of Directors, and in the presence of all members of the Board of Directors, the General Manager, members of the Sharia Supervisory Board, and the external auditor.The meeting was also attended by the General Controller of Companies, His Excellency Dr.Wael Al-Armouti, and representatives of the Central Bank of Jordan.

During its regular meeting, the General Assembly of the Islamic International Arab Bank Company agreed to distribute dividends in the amount of 24 million dinars in cash, equivalent to 24 percent of the bank’s capital, to the owner and sole shareholder, the Arab Bank

During the General Assembly meeting, a new Board of Directors was elected for the International Arab Islamic Bank for the next four years, which includes Messrs.Muhammad Saeed Shaheen, Naeem Al-Husseini, Jamal Tohme, Khaldoun Al-Junaini, Hanaa Al-Hunaiti, Alaa Al-Tamimi, and Nael Al-Hussami.
 The new Board of Directors held its first meeting, and elected "Mohamed Saeed" Shaheen as Chairman of the Board of Directors and Mr. Naeem Al-Husseini as Vice-Chairman.

Mr. Shaheen announced the bank’s business results for the fiscal year ending on 12/31/2024, where direct credit facilities amounted to 2,102 million dinars, compared to 1,975 million dinars for the year 2023, with a growth rate of 6%, while the balance of customer deposits and cash insurances (including restricted deposits) amounted to 3,295 million dinars.Compared to 2,933 million dinars for the year 2023, with a growth rate of 12%. As for total equity, it increased to 298 million dinars, compared to 273 million dinars in 2023, with a growth of 9%.The results also showed profits amounting to 45 million dinars after tax, compared to 35.3 million dinars in 2023, with a growth rate of 27%. The return on assets was 1.2% and the return on equity was 15.07%. The capital adequacy ratio reached 18.73%, exceeding the percentage required by the Central Bank of Jordan of 12%.

In turn, the Bank’s Director General, Mr. Iyad Al-Asali, stressed the continuation of efforts to strengthen the relationship with the Bank’s customers and the initiative to offer solutions and products that support their business, meet their needs, and help develop their projects in a way that contributes to revitalizing the national economy and the success of reform and development plans, expressing deep appreciation to the Bank’s customers for their trust and continuous support, which enabled The bank can achieve these results And to the management and employees of the Islamic International Arab Bank for their sincerity, dedication, concern for the interests of the bank and its customers, and their constant pursuit of its progress and prosperity.

At the end of the meeting, Mr. Shaheen extended his thanks and appreciation to the Central Bank of Jordan, represented by its management and technical staff, for their efforts, professionalism, and keenness to improve the performance and status of the Jordanian banking system and the national economy under His Hashemite Majesty King Abdullah II and His Highness the Trustworthy Crown Prince, may God protect and preserve them.