Saturday, Feb 04, 2012
(This story was originally published Thursday.)
DUBAI (Zawya Dow Jones)--Dubai Islamic Bank (DIB.DFM) Thursday reported a full-year net profit of 1.01 billion U.A.E. dirhams ($275 million), an increase of 25% compared to the previous year, and said it would pay a 15% cash dividend.
The shariah-compliant lender said it reported AED1.01 billion in full-year net profit without elaborating. The bank made a full-year net profit of AED806 million in 2010.
DIB, in which the Dubai government holds nearly 30%, operates around 75 branches in the region.
Shares of Dubai Islamic Bank closed at AED2.19 on Wednesday.
-By Nicolas Parasie, Dow Jones Newswires; +9714 446-1681; nicolas.parasie@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
04-02-12 0712GMT
