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FinancialNews
25-02-18
ADIB to discuss FY17 proposed dividends
(MENAFN) A general meeting (OGM) of Abu Dhabi Islamic Bank (ADIB) will be held on Wednesday, 21 March, in order to discuss the board's recommendation of distributing 28.87% of par value as dividends for fiscal year 2017.
ADIB's board members have offered paying 28.87 fils per share as dividends for FY17, with a total value of AED 914.53 million, according to the latest bourse statement to the Abu Dhabi Securities Exchange (ADX).
The UAE leading bank disclosed a growth of 33.4% in profits to AED 607.2 million (USD165.276 million) in the fourth quarter of 2017 compared to AED 455.1 million (USD124 million) in the same period of 2016.
MENAFN2502201800450000ID1096513644
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