Dubai – Mubasher: The ordinary general meeting (OGM) of Emirates NBD has approved to distribute a cash dividend, equivalent to 40% of the capital, for 2020.

The cash dividend distribution stands at 40 fils per share, aggregating at a total amount of AED 2.526 billion, according to the bank's disclosure to the Dubai Financial Market (DFM) on Thursday.

The shareholders have set the last entitlement date on 3 March 2021, while the ex-dividend date was scheduled on 4 March.

It is noteworthy to mention that in 2020, the bank's net profits decreased by 52% to AED 6.965 billion from AED 14.504 billion a year earlier.