The financial statements of First Abu Dhabi Bank showed an increase in the bank's profits last year by 19%, on an annual basis, to reach 12.5 billion dirhams.
According to a statement by the bank on the stock exchange website, today, Thursday, the board of directors recommended distributing dividends to shareholders for the past year at a value of 70 fils per share.
The bank clarified in the statement that the recommended profits for distribution to shareholders are divided into 49 fils in cash, and 21 fils free (grant).
He indicated that the aim of the free distributions is to support the growth and investment process in the bank's business and achieve the highest returns for investors.
