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Dubai – Mubasher: The board of Emirates NBD has approved the distribution of 40% of the capital as cash dividends for fiscal year 2019.
The distribution of the cash dividends stands at AED 0.40 per share, aggregating to an amount of AED 2.526 billion, according to the bank’s disclosure to Dubai Financial Market (DFM) on Sunday.
Meanwhile, the bank’s ordinary general meeting (OGM) is scheduled to be held on 10 March to consider this dividend recommendation.
It is noteworthy mention that during fiscal year 2019, the bank’s net profits saw a 44% year-on-year (YoY) hike to AED 14.5 billion, compared to AED 10.04 billion in 2018.
Source: Mubasher
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