Dubai – Mubasher: The ordinary general meeting (OGM) of Dubai Islamic Bank has approved the board’s recommendation to pay 45% of capital as cash dividends or 45 fils per share for fiscal year 2017.

Dubai Islamic Bank will pay a total of AED 2.219 billion as dividends for FY17, according to a bourse filing to the Dubai Financial Market (DFM) on Thursday.

The bank’s shareholders have agreed to reappoint KPMG Lower Gulf Limited as the auditor for fiscal year 2018.