Abu Dhabi – Mubasher: The shareholders of the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) will discuss on Tuesday cash dividends of AED 6.84 billion ($1.86 billion) for fiscal year 2016, according to a bourse statement.
FGB shareholders will consider the proposed distribution of 100% dividends, or AED 1 per share, totalling AED 4.5 billion for FY16.
During their meeting on Tuesday, NBAD shareholders will review the recommended 45% cash dividend payout, equivalent to 45 fils per share, amounting to a total of AED 2.344 billion.
