Dubai – Mubasher: The ordinary general meeting (OGM) of Commercial Bank of Dubai (CBD) approved the board’s proposal to distribute cash dividends for 2019.

The company’s shareholders agreed to distribute 20.7% of the company’s capital or 20.7 fils per share at a total value of AED 580.17 million as cash dividends for the year ended 31 December 2019, according to a statement to the Dubai Financial Market (DFM) on Thursday.

It is worth mentioning that in 2019, CBD posted a 20.5% year-on-year increase in net profits to AED 1.4 billion in 2019, compared to AED 1.162 billion in 2018.