Following the conclusion of its Annual General Meeting (AGM), Dubai Islamic Bank (DIB) announced that the assembly has approved the distribution of a 12.5% cash dividend for the year 2011, with the concurrence of the Central Bank of the U.A.E.
During the AGM, the bank’s 2011 financial results were also approved. For the 12 months ending December 31, 2011, DIB reported a net profit of Dhs1.01bn. In addition, the assembly reviewed the Fatwa and Sharia Supervisory Board Report, and reappointed Deloitte as the bank’s external auditors………………………………………..Full Article: Source