Mubasher: The board members of the Commercial Bank of Dubai (CBD) recommended a cash dividend of 20% or 20 fils per share for the fiscal year of 2016.
The dividend payout will have a value of AED 561 million, according to a bourse filing issued on Monday.
Earlier today, CBD announced that its net profit during the fiscal year of 2016 shrank by 6.5% to AED 1 billion from AED 1.07 billion in the previous fiscal year.
