Mubasher: The financial statements of Ahli United Bank (AUB) reported a growth of 8.9% in profits during fiscal year 2016, compared to the same period in 2015.
Earnings increased to $128.5 million in the fourth quarter of 2016 from $118 million in Q4-15, according to a bourse filing issued on Tuesday.
During FY16, profits reached $570.6 million which was 6.2% higher than $537.2 million in FY15.
AUB’s board members recommended 4.5 cents as cash dividends, as well as 10% bonus shares.
