By: Amr Adel

Sharjah – Mubasher: The ordinary general meeting (OGM) of Invest Bank, approved on Monday, a cash dividend of 10% or AED 0.10 per share, totaling AED 144.4 million.

Moreover, the OGM approved a stock dividend representing 10% of capital. Accordingly, total paid-up capital rose from AED 1.443 billion to AED 1.558 billion, an increase by AED 144.4 million.

Shareholders entitled to dividends are those registered as at February 26, 2015.

Worth noting, the Abu Dhabi-listed bank had reported a net profit of AED 360.1 million by the end of 2014 compared to AED 328.07 million in 2013, registering a 10% profit growth.

Invest Bank maintains 16 branches across the UAE, including seven in Sharjah, added to a branch in Lebanon.

Translated by: Nada Adel Sobhi