Dubai – Mubasher: Dubai Islamic Bank (DIB) reported a rise in the net profits attributable to the owners to AED 4.39 billion in 2021, compared to AED 3.29 billion in 2020, according to the bank's consolidated financials for the year ended 31 December 2021.
The bank's net income decreased to AED 9.421 billion in 2021 from AED 9.47 billion in the earlier year.
The bank recorded AED 279.081 billion in assets in 2021, down from AED 289.556 billion in the previous year.
The basic and diluted earnings per share (EPS) stood at AED 0.53 last year, against AED 0.38 in 2020.
At the same time, the board has recommended a cash dividend distribution of 25 fils per share.
The Director-General of the Ruler’s Court of Dubai and Chairman of DIB, Mohammed Ibrahim Al Shaibani, commented: "The Bank remains on solid ground moving into the new year as we continue to unearth business opportunities in an improving local economic climate to deliver solid returns to all our valued shareholders whilst maintaining the highest standards of governance across the bank."
Meanwhile, the bank's CEO, Adnan Chilwan, said: "We enter the year with a new 5-year strategy that will propel the bank to strengthen and grow the business over the period."
It is noteworthy to mention that during the first nine months (9M) of 2021, DIB recorded AED 3.058 billion net profits attributable to the owners, down from AED 3.125 billion in the year-ago period.
