Dubai – Mubasher: The ordinary general meeting (OGM) of Emirates Investment Bank (EIBank) approved amending shareholders’ equity ownership and cash dividend payout’s policy, according to a bourse filing.

The new amendments are in line with the provisions of the federal law no. 2/2015, said the company.

Further, the ordinary meeting ratified other items, most importantly including articles regulating capital decrease or increase, the bank’s objectives, and the power given to the board of directors.

Earlier, the bank’s CEO said EIBank’s total assets under management stand at around AED 10 billion ($2.7 billion) up to date, a jump of 900% from AED 1 billion in 2009.