The General Assembly of Mashreq Bank yesterday approved distributing 40% cash dividends to shareholders, amounting to 710 million dirhams for the year 2019.


According to the Emirates News Agency, the association agreed unanimously to renew the mandate of the Board of Directors regarding its powers to issue non-transferable bonds with a maximum of $ 5 billion.


The date of March 17th will be the last day for investors to participate in the bank’s shares in order to obtain profits… while the maturity date will be March 19th, with profits distributed on the 24th of the same month.


Mashreqbank achieved profits of 2.06 billion dirhams during the year 2019, supported by the growth in the operating income of the bank in addition to the decrease in loan provisions.