Abu Dhabi-Mubasher: Union National Bank (UNB) said that its shareholders will meet on 29 February to discuss a 20% cash dividend or 20 fils for the fiscal year 2015, totalling AED 550.3 million, according to a bourse filing on Thursday.
During the ordinary general meeting, the shareholders will approve the FY15 financials, as well as considering the board members’ remuneration and absolving their liability.
The Abu Dhabi-listed bank reported a 7.8% profit decline to AED 1.76 billion ($479 million) in the fiscal year 2015, compared to AED 2.02 billion ($550 million) in the fiscal year 2014.
Shareholders entitled to dividends are those registered as on 10 March, 2016.
In case of incomplete forum, the shareholders’ meeting will be postponed to 8 March.
