Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank’s (ADIB) ordinary general meeting (OGM) approved the distribution of AED 914 million in cash dividends for 2017.
The approved dividends account for 28.87% of the bank’s capital, the Abu Dhabi-listed bank stated on Thursday.
We utilised the advantageous market situation during 2017 to apply our growth strategy, armed with the recovery of oil prices and the global economy in general, ADIB’s vice chairman and acting CEO Khamis Mohamed Buharoon commented.
The UAE-based lender posted 33.4% growth in net profit during the last quarter of 2017.
