Dubai – Mubasher: The shareholders of Dubai Islamic Bank (DIB) approved the board’s recommendation to disburse cash dividends worth AED 2.16 billion for 2022, equivalent to 30% of the paid-up capital.

According to a bourse filing, the bank’s shareholders greenlighted the dividends proposal during the annual general meeting (AGM) that was held on 15 March 2023.

Last year, DIB generated consolidated net profits attributable to equityholders worth AED 5.47 billion, higher than AED 4.39 billion in 2021.

Basic and diluted earnings per share (EPS) increased to AED 0.70 in 2022 from AED 0.53 in 2021, whereas the net income enlarged to AED 10.46 billion from AED 9.42 billion.

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