Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) on Thursday announced that its general assembly has approved distributing cash dividends worth 46 fils per share, or 46% of the share’s nominal value for the year ended 31 December 2018.
The bank will pay total dividends of AED 2.39 billion to the shareholders for the previous year, according to a filing to the Abu Dhabi Securities Exchange (ADX).
The lender’s capital stands at AED 5.198 billion.
For the full-year 2018, profits of Abu Dhabi’s second-largest lender by assets grew 13% to AED 4.84 billion, versus AED 4.28 billion in 2017.
By the end of Thursday’s session, ADCB’s stock grew 1.27% at AED 9.51.
