Abu Dhabi – Mubasher: RAK Bank's shareholders approved 30% cash dividends, or 30 fils per share, for fiscal year 2016, according to a statement.
Total approved dividends amount to AED 504 million for FY16.
The shareholders also gave the go-ahead to increase the medium term notes from $1 billion to $1.5 billion, subject to the Central Bank of the UAE's approval.
