Emirates NBD General Assembly, in its meeting held on Wednesday, approved the recommendation of the Bank's Board of Directors regarding dividends for the past year (2020).
The bank said in a statement to the Dubai Financial Market, today, Thursday, that the general assembly approved the distribution of cash dividends for the past year at 40% of the nominal value of the share at 40 fils per share With a total estimated at 2.53 billion dirhams.
The bank’s profits fell 52% last year, to reach 6.96 billion dirhams, compared to the bank’s profits in 2019.
the bank attributed the decline in annual profits last year to the fact that the results of 2019 included exceptional profits as a result of the disposal of a stake in a jointly controlled company of 4.39 billion dirhams, and a profit Non-recurring purchase of a sale position of 92 million dirhams.
