By: Amr Adel

Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Abu Dhabi-based First Gulf Bank (FGB) has approved on Wednesday a dividend distribution representing 100% of capital, of which a cash dividend amounting to AED 1 per share added to bonus stocks of 15.38%.

Data compiled by Mubasher reveals that total profits to be distributed to shareholders for 2014 amount to AED 3.9 billion against AED 3 billion in 2013 and AED 2.5 billion in 2012.

FGB’s profits for 2014 hit AED 5.7 billion against AED 4.77 billion, registering an increase by 18%.

The Abu Dhabi-listed stock ended Wednesday at a 0.28% rise to AED 17.65 amid trades exceeding AED 13.4 million.

Translated by: Nada Adel Sobhi