All items on the meeting agenda were discussed and approved, including a 74% cash dividend, at 74 fils per share, with a total cash dividend of 8.08 billion AED for the year 2019.
According to a statement of the bank received (Namazon site) | In its version, the registered shareholders of the bank on Thursday 5 March 2020 (i.e. buyers on Tuesday 3 March 2020) are entitled to cash dividends.
After the election of new members to the Board of Directors for a period of three years, the First Abu Dhabi Bank decided to increase the number of members of the new Board from 9 to 11 members.
Sheikh Tahnoun bin Zayed Al Nahyan said: The establishment of the First Abu Dhabi Bank in 2017 marked a milestone in the history of the banking sector in the region, where the bank has a prominent position at the international level Thanks to the -AA rating, and also depends on the expertise of its highly qualified and diversified employees, which enables ADFB to contribute to economic development at the local and regional levels.
He added: Within less than three years, the first Abu Dhabi Bank was able to enhance its position by contributing to achieving the economic vision of the Emirate of Abu Dhabi, and in the markets in which we operate.
First Abu Dhabi Bank is the largest bank in the UAE and one of the largest and most secure financial institutions in the world, providing a wide range of solutions, products, services, and banking experiences specifically designed to suit the needs of its customers. .
The total assets of First Abu Dhabi Bank reached 822 billion dirhams (224 billion dollars) as of the end of December 2019.
