RIYADH: Saudi Arabia’s Arab National Bank has reported a five percent increase in profit during 2021. The bank recorded a net profit of SR2.18 billion ($581 million), compared to SR2.07 billion a year earlier, according to a bourse filing. The profit growth was primarily attributed to gains from financial instruments known as FVSI, along with gains from the sale of investments in non-trading instruments. Founded in1979, Riyadh based Arab National Bank is one of the ten largest in the Middle East, operating through 156 branches in the kingdom.