Abu Dhabi – Mubasher: First Abu Dhabi Bank’s (FAB) ordinary general meeting approved the distribution of AED 7.6 billion in cash dividends for 2017, with a per-share dividend of AED 0.7, which accounts for 70% of the bank’s capital.
Shareholders registered on 7 March 2018 will be entitled to the approved dividends, FAB said in a statement.
The previous year was a milestone for FAB, which reflects the success of the merger between First Gulf Bank (FGB) and the National Bank of Abu Dhabi (NBAD), FAB CEO Abdulhamid Saeed commented.
We look forward 2018 in optimism, hoping to see more success and prosperity this year, which will boost efforts to grow and provide the best financial services, the top official concluded.
FAB posted AED 10.92 million in net profit during the full-year 2017.
