Abu Dhabi Commercial Bank has agreed to distribute cash dividends of AED 0.27 per share, equivalent to AED 1.878 billion or 49% of net profits for 2020.
According to Arab Net during the Thirty-sixth General Meeting, a remote default, led by Khaldoun Khalifa Al Mubarak, Chairman of Abu Dhabi Commercial Bank and in the presence of members of the Board.
The General Assembly meeting discussed the report of the Board of Directors on the Bank's activities and its financial position for the fiscal year ended 31 December 2020 and was approved.
Abu Dhabi Commercial Bank is one of the most important pillars of the national economy in the UAE. "
"We are launching in the new year and we are witnessing developments and events in the world," he said. >
He noted that during 2020, the Bank launched a growth and development strategy for the next five years to keep pace with the transformation we are witnessing in the business sectors and individuals. The strategy aims to expand Bank and its products, as well as enhance its financial performance.
He pointed out that April 2020 was completed the integration with the National Union Bank and Al Hilal Bank, which lasted for an eleven months, and this has become the third largest financial institution in terms of assets in the UAE. p>
