Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) said its shareholders approved 24.52% dividends, or AED 780 million, for fiscal year 2016, according to a statement.

Cash dividends represent 39.8% of net profits achieved in 2016.

The bank has welcomed 42,000 new customers in 2016, bringing the total to over 920,000, ADIB’s Khamis Buharoon said.

“This contributed to a robust growth in revenues and, coupled with strong expense discipline, resulted in an increase in profits,” Buharoon noted.