By Ramy Sameeh
Abu Dhabi – Mubasher: Union National Bank was cleared Monday by shareholders to distribute cash dividends at 20% of capital, or 20 fils per share, at a total value of AED 550.3 million, for the fiscal year 2015.
Shareholders of record till the close of trading on 10 March will be entitled to the cash dividend.
The bank earlier paid 20 fils per share dividend for 2014.
FY15 net profit fell by 7.8% to AED 1.76 billion ($479 million), from AED 2.02 billion ($550 million) a year earlier.
