Dubai – Mubasher: Commercial Bank of Dubai’s (CBD) ordinary general meeting reduced the recommended dividends for 2017 to 17.5 fils per share from 20 fils, according to a bourse statement released on Wednesday.

In February, the Dubai-listed bank’s board recommended the distribution of AED 560.5 million in cash dividends.

CBD reported a 12% year-on-year increase in net profit during the fourth quarter of 2017.