Assaray Trade and Investment Bank has recorded notable growth and outstanding financial results throughout its journey. The Chairman of the Board, Dr. Ahmed Atiga, and the General Manager, Farouk Al-Obaidi, presented the bank’s overall performance indicators, which reflected significant growth across various banking and investment activities. These include increases in assets, financing, deposits, and customer base, resulting in a net profit of 26% of the share’s nominal value, or about 9% return on equity, estimated at 325 million dinars, excluding the revaluation of fixed assets and goodwill.
The market price evaluation of ATIB’s shares, conducted by the international consulting firm KPMG, showed that the average fair value per share was estimated at 93 dinars, with an upper limit of 110.4 dinars and a lower limit of 76 dinars. This reflects the confidence of financial institutions in the bank’s performance and the sustainability of its growth.
Founded in 2005, ATIB is one of the leading institutions that have contributed to the development of modern and electronic banking services, enhancing the local investment environment.
Among the general assembly’s recommendations was the “unlimited support from shareholders to adopt technology and embrace continuous innovation, making ATIB a technologically advanced institution par excellence.”
