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Mashreq Bank’s OGM approves AED 1/shr dividend for 2021

Mashreq Bank’s OGM approves AED 1/shr dividend for 2021
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Mashreq
MASQ
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Dubai - Mubasher: The ordinary general meeting (OGM) of Mashreq Bank has granted its green light for a cash dividend of AED 1 per share for 2021.

The bank will pay out a total cash dividend of AED 200.60 million, representing 10% of the capital, according to a bourse disclosure on Thursday.

Last November, the OGM agreed to increase the bank’s capital to AED 2 billion through bonus shares.

In 2021, the lender registered net profits attributable to the owners worth AED 1 billion, versus net losses of AED 1.28 billion in the previous year.