. The first Abu Dhabi Bank begins distributing cash dividends to its shareholders in an amount exceeding 8 billion dirhams to shareholders on the date of March 17th, through the Abu Dhabi Securities Market, according to what the bank recently announced
. The bank confirmed that the distributions will include eligible shareholders registered in its records on March 3, 2019 and buyers on March 5 of the same year.
The bank confirmed that, based on the instructions of the Securities and Commodities Authority, the process of distributing the profits will take place in coordination with the Abu Dhabi Stock Exchange as the exclusive distribution agent for the bank’s profits. Accordingly, the profits accrued to the eligible shareholders who have updated their data with the market will be deposited into their bank accounts and will not be deposited to those who have not updated this data. The General Assembly of First Abu Dhabi Bank, held on February 25, 2019, approved the distribution of cash dividends to shareholders at 74% of the capital for the year 2018
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