The general assembly of the National Bank of Ras Al Khaimah, which is listed on the Abu Dhabi Securities Exchange, approved the recommendation of the bank's board of directors regarding the proposed distributions for the year 2021.
The bank said in a statement to the stock exchange, today, Wednesday, that the general assembly approved the board of directors' recommendation to distribute cash dividends for the past year at a rate of 22.5% of the bank's paid-up capital.
The bank clarified that the dividends are equivalent to 22.5 dirhams per share, with a total value of about 337 million dirhams.
The bank announced that the dividend will pay about 49.7% of the annual net profit.
The bank's profits fell last year by 22.4%, to reach 10.4 million dirhams.
