By: Ramy Sameeh
Abu Dhabi-Mubasher: National Bank of Abu Dhabi’s (NBAD) shareholders approved on Tuesday on increasing cash dividends by 5% to be paid at 45% of capital for the fiscal year 2015, according to a statement.
The bank’s ordinary general meeting agreed on paying 45 fils per share, with an overall value of AED 2.34 billion ($637 million).
NBAD’s shareholders have 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.
By the end of Tuesday’s trading session, NBAD stock gained 0.7% to close at AED 8.62.
