Abu Dhabi – Mubasher: National Bank of Ras Al Khaimah’s (RAKBANK) ordinary general meeting (OGM) approved the payment of AED 502.9 million in cash dividends, with a per-share dividend of AED 0.3, according to a bourse statement released on Wednesday.

The Abu Dhabi-listed bank’s dividends account for 30% of its capital.

RAKBANK’s net profit soared 91% during the fourth quarter of 2017 compared to the same period a year earlier.