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CBD's OGM considers AED 560.5m dividends

CBD's OGM considers AED 560.5m dividends
The proposed dividends total AED 560.5 million
CBD
CBD
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Abu Dhabi – Mubasher: Commercial Bank of Dubai’s (CBD) ordinary general meeting (OGM) is set to discuss the distribution of 20% of the bank’s capital or AED 0.2 per-share in cash dividends for 2017.

The proposed dividends total AED 560.5 million, the Dubai Financial Market (DFM) listed bank revealed.

The UAE-based lender reports AED 1.0019 billion in net profits during 2017 versus AED 1.0031 billion in the year-ago period.