DIB board proposes 45% dividends

Dubai-Mubasher: Dubai Islamic Bank (DIB) said that its board recommended a 45% cash dividend or 45 fils per share for the fiscal year 2015, according to a bourse filing on Wednesday.

The board met Wednesday to approve the financial statements for 2015 and discuss dividends.

The shareholders will meet on 1 March to discuss the board’s proposal regarding dividends, as well as considering the bank’s capital increase, added the statement.

Mubasher Contribution Time: 27-Jan-2016 07:59 (GMT)