Abu Dhabi – Mubasher: National Bank of Abu Dhabi (NBAD) announced on Wednesday that cash dividends will be paid on 27 March, saying that the record date is 23 March.
NBAD’s shareholders agreed to increase cash dividends from 40% to 45% of the capitalfor the fiscal year 2015. The 45 fils per share payout totals AED 2.34 billion ($637.090 million).
The bank’s ordinary general meeting also approved the medium-term bonds programme with a value of $2 billion ($544.52 million) which will help in financing the treasury sector to raise liquidity.
NBAD’s profits declined last year by 6.2% to AED 5.23 billion ($1.43 billion) from AED 5.56 billion ($1.52 billion) in 2014.
The Abu Dhabi listed bank’s stock shrank in today’s trading by 0.81%.
