Dubai – Mubasher: The equityholders of Emirates NBD granted their nod for the board’s recommendation to distribute cash dividends totalling AED 3.78 billion for 2022.
The UAE lender will disburse AED 0.60 per ordinary share on 6 March 2023, according to a press release.
The shareholders approved the board’s proposal during the 16th general assembly meeting that was held on 22 February.
Chairman of Emirates NBD, Sheikh Ahmed bin Saeed Al Maktoum, said: “The UAE banking sector performed well in 2022, benefitting from an increase in economic activity supported by elevated oil prices, normalising non-oil activity, and higher interest rates.”
In 2022, Emirates NBD recorded net profits attributable to the owners worth AED 13 billion, compared with AED 9.29 billion in 2021.
Customer deposits soared to AED 502.95 billion last year from AED 456.48 billion at the end of 2021.
