Dubai – Mubasher: Dubai Islamic Bank’s (DIB) ordinary general meeting (OGM) is scheduled to be held on Wednesday 21 February 2018 to discuss the payment of AED 0.45 per share or AED 2.22 billion dividends, which equals 45% of the bank’s capital.
If the OGM’s quorum was not met, the next meeting would be held on 28 February, according to a filing to the Dubai Financial Market (DFM).
The DIB’s board authorised the bank’s CEO Adnan Chilwan to complete all the requirements relevant to the meeting.
The board also assigned the planning to raise the bank’s issued capital to the executive management, the DIB revealed.
DIB's OGM is set to consider around $5 billion sukuk issue, the DFM-listed bank concluded.
