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.