By: Ramy Sameeh
Abu Dhabi – Mubasher: The shareholders of the National Bank of Abu Dhabi (NBAD) approved, on Tuesday, the distribution of 45% cash dividends or 45 fils per share for the fiscal year which ended on 31 December 2016.
The NBAD will pay an overall value of AED 2.344 billion ($638.3 million) as cash dividends for FY16, according to Mubasher’s latest data.
During the fiscal year, the bank achieved growth of 1.2% in profits to AED 5.3 billion from AED 5.23 billion in the previous fiscal year.
