The Emirates NBD Board of Directors recommended the distribution of cash dividends totaling 2.52 billion dirhams, or 0.4 dirhams per share, for the fiscal year ending December 31, 2019. p>
According to ArabiaNet, the bank stated in a statement that it was agreed to hold the general meeting of Emirates NBD on Tuesday, the tenth of March 2020.
The profits of Emirates NBD jumped to 14.5 billion dirhams during the year 2019, a growth of 44% compared to the profits of the year 2018.
The significant increase in the bank’s profits came with the support of the recorded increase in operating income by about 29%, which amounted to 22.42 billion dirhams during the year 2019, compared to 17.4 billion dirhams during the year 2018.
The bank has also achieved non-recurring profits of 4.39 billion dirhams as a result of disposal of a stake in a jointly controlled company.
Financial analysts described Emirates NBD as one of the best performers over the past year, especially given its operating profit has increased at a high rate compared to competing banks.
