We initiate coverage on Arab Bank, a leading bank in Jordan and the region, with an ACCUMULATE rating and a fair value of JOD 7.76 per share presenting a 10.5% premium over its recent closing price of JOD 7.02. The weakness in Arab Bank’s earnings as of late has surrounded the bank’s market valuation with uncertainty. We believe Arab Bank’s share price has room to appreciate and may become an attractive investment. Currently however, its share price accounts for the regional political and economic upheaval, along with some internal risks.
Click below for the full report:
Arab Bank Equity Report