Dubai – Mubasher: Emirates NBD ordinary general meeting (OGM) on Tuesday approved a cash dividend of 40% or at 40 fils per share for 2017.
The total value of the distributions will amount to AED 2.223 billion, the Dubai-based bank said in a statement.
It added that OGM had discussed and approved other items on its agenda including the directors’ and auditors’ reports for 2017 as well as the consolidated financial statements for 2017.
Shareholders also approved a $12.5 billion euro medium term note (EMTN) programme as well as the structured note programme by Emirates NBD Global Funding Limited worth $1 billion, the statement showed.
Emirates NBD shareholders approved the Australian Dollar Programme worth AUD 1,500,000,000 debt issuance, the bank revealed.
