By: Amr Adel
Dubai - Mubasher: The shareholders of Emirates NBD approved on Sunday the distribution of cash dividends for the fiscal year ended 31 December 2016.
Dividends will be distributed at 40 fils per share or 40% of capital with a total of nearly AED 2.2 billion.
The bank’s chairman, Sheikh Ahmed Bin Saeed Al Maktoum, said that the board of directors achieved strong financial results that was reflected in the increase in net profits by 2% to AED 7.24 billion on the back of asset growth, risk control, and cost reduction.
Sheikh Ahmed Bin Saeed added during the ordinary general meeting (OGM) that the bank’s operations were supported by the collection of smaller debts which made for the decline in interest rates.
