First Abu Dhabi Bank approves Dhs8.08bn cash dividends for 2020
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The bank recorded a a full year 2020 net profit of Dhs10.6bn
March 1, 2021
UAE’s First Abu Dhabi Bank (FAB), Abu Dhabi’s biggest lender, has approved the distribution of 74 per cent cash dividends (Dhs0.74 per share), implying total cash dividends of Dhs8.08bn for the financial year ended December 31, 2020.
The approval came following its General Assembly Meeting on Sunday. Owners of FAB shares registered on March 10, 2021 (i.e. buyers on March 8, 2021) are entitled to the cash dividends.