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DIB board to review FY14 financials Jan. 25

DIB board to review FY14 financials Jan. 25
DIB
DIB
0.17% 5.84 0.01

Dubai-Mubasher: Dubai Islamic Bank (DIB), a publically-traded lender on DFM, will hold a board meeting on Sunday, Jan. 25 before session start.

The bank said in a filing posted on Dubai bourse that the board will review financial statements for the fiscal year ending on December 31, 2014, in addition to other agenda items.

Bankers expected the UAE banks to post all-time high earnings of nearly AED 35 billion in 2014, compared to AED 28 billion in 2013 and AED 23.8 billion in 2012.

DIB operates with AED 3.95 billion capital, divided into 3.95 billion shares at AED 1 par value each.

Photo Credit: Arabianeye-Reuters