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ADIB's board proposes cash dividends for 2020

ADIB's board proposes cash dividends for 2020
The decision is pending the approval of the bank’s shareholders
ADIB
ADIB
0.61% 4.95 0.03

Abu Dhabi – Mubasher: The board of directors of Abu Dhabi Islamic Bank (ADIB) recommended a cash dividend of 20.58 fils per share, representing 46.6% of net profits for 2020.

The decision is pending the approval of the bank’s shareholders on 4 April, ADIB said in a bourse disclosure on Thursday.

Over the course of 2020, the bank reported net profits of AED 1.604 billion, down from AED 2.601 billion in 2019.