Abu Dhabi Islamic Bank approves dividend of 24.52%
Abu dhabi commercial bank ADCB branch on Bank Street Dubai
Abu Dhabi - Arab today
Abu Dhabi Islamic Bank (ADIB) approved a dividend of 24.52 per cent for year 2016 for its shareholders at its annual general meeting in Abu Dhabi on Sunday evening.
The AGM had a quorum of 50 per cent.
The bank’s board had recommended a dividend of a 24.52 per cent when it announced financial results for 2016 in February.
In the bank’s annual report 2016 which was released on Sunday, Tirad Al Mahmoud, Group Chief Executive Officer said the prospects for the UAE as a whole in 2017 are encouraging, supported by stability in oil prices and emphasis on non-oil growth.
“Nonetheless, we continue to forecast modest customer financing growth in the UAE. Our focus remains on pursuing growth strategies in select segments.”
Al Mahmoud is currently on medical leave and the annual general meeting was chaired by Khamis Buharoon who is the vice-chairman of the ADIB Board of Directors.
Abu Dhabi Islamic Bank reported a net profit of Dh1.95 billion in 2016, marking a 1 per cent increase over the Dh1.93 billion recorded in 2015
source : gulfnews
GMT 14:37 2017 Tuesday ,31 January
ADIB to Showcase Exciting Career OpportunitiesGMT 19:24 2016 Friday ,15 July
ADIB restricts amount of new credit; Q2 earnings up 1%GMT 17:27 2016 Sunday ,03 April
ADIB releases outlook on regional and global investment climateRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 08:09 2015 Friday ,03 July
Walt Griffin pens down Hilarious tragicomedy
GMT 00:11 2017 Monday ,13 March
Dubai surgeons repair 3-year-old girl’s heart
GMT 21:38 2015 Monday ,18 May
'American Idol' winner to sing 'Star-Spangled Banner'
GMT 15:22 2017 Tuesday ,19 December
400 Km added to national gas network
GMT 10:22 2017 Monday ,16 October
10 Men Magazine appoints senior fashion editor
GMT 09:35 2017 Monday ,13 March
Young pioneers push envelope on freestyle indoor skydiving
GMT 02:42 2017 Sunday ,30 April
North Korea stages large-scale artillery drill as U.S. submarine docks in South
GMT 13:44 2017 Tuesday ,10 January
Croats tune up for Open with Kooyong wins
GMT 09:14 2018 Tuesday ,04 December
May to open five-day parliamentary debate
GMT 09:47 2015 Monday ,29 June
Bahraini king's economic advisor receives Japanese ambassadorGMT 13:34 2011 Wednesday ,08 June
Egypt\'s government recognizes Muslim Brotherhood partyGMT 12:32 2011 Tuesday ,26 July
S. Korean airlines to lower fuel surcharges
GMT 11:58 2017 Sunday ,13 August
Drivers of crashed Alex trains jailed for 15 days
GMT 21:40 2016 Thursday ,20 October
NCW chief stresses support for women in next municipal pollsGMT 07:25 2011 Saturday ,30 July
UN renews Darfur peacekeeping missionGMT 18:08 2012 Friday ,08 June
Egypt rights head expects Shafiq to winGMT 09:04 2012 Monday ,12 March
5 Novels about financial meltdowns
GMT 14:50 2017 Wednesday ,19 April
Japan warns of losing its efforts in Iraq
GMT 10:30 2017 Monday ,13 February
No fresh whale strandings seenGMT 23:33 2012 Monday ,14 May
Egypt Islamist candidate outbids rival in anti-Israeli rhetoricGMT 15:15 2011 Monday ,13 June
Teen brain response \'linked to pop songs\' success\'
GMT 22:23 2017 Thursday ,15 June
Syrian governmental troops clashesGMT 23:14 2011 Thursday ,06 October
Damned
GMT 08:14 2017 Wednesday ,02 August
Venezuela opposition delays to Thursday march against assembly
GMT 05:40 2016 Saturday ,24 September
Central Italy quake causes 4 bln euros damages: official estimate
GMT 07:18 2016 Tuesday ,24 May
Brazil's interim government into disarray
GMT 20:24 2017 Monday ,20 February
Sudanese FM heads to New Delhi for Joint Ministerial Committee
GMT 06:42 2017 Sunday ,20 August
Ayman Safadi condoles with Spanish counterpart
GMT 11:41 2017 Tuesday ,13 June
UAE condemns terror attacks in Iran
GMT 19:46 2014 Sunday ,26 January
Dubai Marriott Hotel al-Jaddaf gets operational
GMT 20:58 2017 Wednesday ,14 June
Qatar crisis explained: 6 ways the row directly affects you
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor