RIYADH, 17 June 2004 — Abdullatif Al-Jaber, Arab National Bank board chairman, announced on Tuesday that the board of directors has decided to distribute a semi-annual dividend of SR5 per share, amounting to SR200 million to the shareholders of record at 30th of June 2004. Dividend payments will start on July 10. ANB’s market value has increased five fold during the past five years, from SR3.8 billion to SR 19 billion. Recently, ANB received the award of Best Overall Fund Manager among Saudi banks for the second year in a row.