The General Assembly of Abu Dhabi Islamic Bank agreed to distribute cash dividends of approximately 994 million dirhams, or 27.38% of the capital for the year 2019.
According to the Emirates News Agency, the association agreed to increase the percentage of foreign ownership, to a maximum of 40%.
The date of next April 6 has been set as the last day for distributions.
While the date of April 8 has been set to accrue profits that will be distributed within 30 days of the date of the General Assembly
Abu Dhabi Islamic Bank achieved profits of 2.6 billion dirhams during the year 2019, a growth of 4% compared to 2018, and operating profits grew by 4.4% to reach 3.26 billion dirhams driven by the growth of customer financing assets by 3.1% to 81.1 billion dirhams and an increase in income from investments 30.7% to 687.0 million dirhams.
The total assets of the bank reached 125.9 billion dirhams during the year 2019, a growth of 0.6%, compared to 125.2 billion dirhams on December 31, 2018.
