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DIB eyes 15% growth in 2018

DIB eyes 15% growth in 2018
DIB has reached the second phase of its growth plan
DIB
DIB
-2.15% 7.29 -0.16

Dubai – Mubasher: Dubai Islamic Bank (DIB) is planning to grow 10%-15% during 2018, the CEO Adnan Chilwan told CNBC Arabiya Sunday.

The bank has reached the second phase of its growth plan for 2017/2018 and is now targeting various investment opportunities, Chilwan added.

DIB’s board last proposed a 33.3% increase in its capital. 

The bank's ordinary general meeting (OGM) is scheduled to be held on  21 February 2018 to discuss the payment of AED 0.45 per share or AED 2.22 billion dividends, which make up 45% of the bank’s capital.