Abu Dhabi – Mubasher: Union National Bank (UNB) said its board proposed to pay 20% cash dividends, or 20 fils per share, for the fiscal year 2016, according to a bourse filing.
Total recommended dividends reached AED 550 million for FY16.
The bank’s capital stands at AED 2.75 billion, distributed on 2.75 billion shares at AED 1 per share.
UNB’s shareholders will discuss the proposed dividends during their annual general meeting on 9 March.
