Abu Dhabi – Mubasher: The shareholders of Abu Dhabi Islamic Bank (ADIB) have approved to distribute AED 994.313 million cash dividends for 2019.

The amount of dividend distribution is equivalent to 27.38% of the share's nominal value or 27.38 fils per share of the 2019 net profits, according to the bank's disclosure to Abu Dhabi Securities Exchange (ADX) on Monday.

The bank announced that the date of the last entitlement date was set on 6 April.

It is noteworthy to mention that in 2019, the bank’s net profits reached AED 2.6 billion, up 4% year-on-year (YoY) from AED 2.5 billion in 2018.