The General Assembly of Dubai Islamic Bank approved the distribution of cash dividends of 25% of the paid-up capital with a total value of 1.8 billion dirhams.
Mohammed Al Shaibani, Chairman of the Bank's Board of Directors, said: Dubai Islamic Bank is proceeding in line with the development process of the UAE, where the Bank was keen to play a leading role in supporting growth trends The country is running, according to Al Bayan newspaper.
Al Shaibani added: The foundations laid in 2021 will help propel the Bank forward in two very important areas: our digital aspirations and our absolute commitment to the country's sustainability agenda. We at the Bank see these two pillars as the main drivers of business development, growth and profitability in the future, which essentially leads to higher returns for our valued shareholders.
For his part, Adnan Chilwan, Group CEO, said: "We have demonstrated time and again the ability of Dubai Islamic Bank to successfully overcome market challenges and create growth opportunities that seem almost non-existent." Not at all.
The year 2021 was no exception, with total funding reaching 36 billion dirhams and a 39% growth in annual profits. We aspire for the organization to maintain its focus on growth, where technology is gaining momentum and customer experience will determine the implementation process we will go through to deliver on our promises of a prosperous and sustainable future for all of our stakeholders.
The bank recorded an annual growth of 39% in its net profit for the year 2021 after its performance improved strongly with the start of the "Covid 19" pandemic. It also continued to consolidate its leadership position in the capital and finance markets, with the completion of deals with a consolidated value of nearly $25 billion.
