By: Ramy Sameeh
Abu Dhabi – Mubasher: The shareholders of First Gulf Bank (FGB) on Tuesday approved distributing a cash dividend of 100% or AED 1 per share for the fiscal year which ended on 31 December 2016.
According to Mubasher’s latest data, FGB will pay an overall value of AED 4.5 billion ($1.22 billion) to the entitled shareholders as a cash dividend for fiscal year 2016.
During FY16, the bank’s profits grew 0.3% to total AED 6.03 billion from AED 6 billion in FY15.
