Abu Dhabi – Mubasher: The board of Abu Dhabi Islamic Bank (ADIB) has recommended the distribution of AED 994.44 million in cash dividends to shareholders for 2019.
At 27.38 fils per share, the dividends represent 27.38% of the capital, according to the bank’s disclosure to Abu Dhabi Securities Exchange (ADX).
The ordinary general meeting (OGM) will vote on the board’s proposal on 29 March.
It is noteworthy to mention that in 2019, the bank’s net profits reached AED 2.6 billion, up 4% year-on-year (YoY) from AED 2.5 billion in 2018.
