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Islamic Finance Briefing - Categorized | Banking, Performance more

Abu Dhabi Islamic Bank approves 25.4pct dividend

Posted on 02 April 2013

The Abu Dhabi Islamic Bank (ADIB), UAE’s biggest Sharia-compliant bank by market value, has recommended paying cash dividend at 25.4 per cent, equivalent to 50 per cent of 2012 net profit to shareholders, the bank said.
ADIB Group reported end of December 2012 Dh1.2 billion net profit, an increase of 4 per cent over the previous year, according to Abu Dhabi Securities Exchange (ADX). The net revenues for 2012 were Dh3.6 billion, and the expenses hiked by 8.1 per cent year on year. The total assets stood at Dh85.7 billion at the end of 2012, up 15.2 per cent on the same point of the previous year………………………………………..Full Article: Source

 
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