Dubai – Mubasher: Emirates NBD shareholders endorsed today the distribution of cash dividends for FY15 at 40% of capital, or 40 fils per share, totaling AED 2.224 billion.
The Dubai-listed lender posted 38.6% rise in FY15 net profit to AED 7.12 billion ($1.94 billion), up from AED 5.14 billion ($1.4 billion) a year earlier.
Emirates NBD Chairman, Shaikh Ahmad Bin Saeed Al Maktoum said, “The UAE private sector economy has remained resilient in 2015, and with new projects being planned, from theme parks, hotels and infrastructure in the run up to Expo 2020, we can anticipate further healthy growth. The visionary leadership of the UAE government has introduced and implemented several initiatives, which will ensure sustainable growth in the UAE and reinforce its position as a major economic power in the region. In addition, our prudent and responsive monetary policy will hold us in good stead for continued growth and development.”
