By: Ramy Sameh
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank’s (ADCB) shareholders approved on Tuesday cash dividends at 45% of the capital, equivalent to 45 fils per share, for the fiscal year 2015, compared to 40 fils per share in 2014.
During the bank’s ordinary general meeting (OGM), shareholders also adopted the board’s report about its activity and financial position in the fiscal year 2015.
ADCB’s net profit rose in the last quarter of 2015 by 16% to AED 1.19 billion, supported by higher revenues and lower provisions.
Translated by: Elwy el-Manzalawy
