Abu Dhabi -- Mubasher: Shareholders of United Arab Bank (UAB) gave the go-ahead on Monday to freezing dividends for 2015, according to a bourse filing.
The dividend withholding move aims to ensure that the bank will continue to own a strong capital base.
Capital adequacy ratio stood at 14.7% as on 31 December 2015, the statement said.
Shareholders also approved amendments to the articles of association to reflect the changes introduced in the commercial law.
