The shareholders also approved the distribution of cash dividends of 27.4 per cent for 2018 which represents 39.8 per cent of the bank’s full year net profits, equivalent to AED 994 million.
Thursday 14, March 2019 BY KUDAKWASHE MUZORIWA
Abu Dhabi Islamic Bank (ADIB)’s shareholders have approved the appointment of a new Board of Directors, they also approved the distribution of cash dividends of 27.4 per cent for which is equivalent to AED 994 million.
The shareholders appointed Jawaan Awaidha Suhail Awaidha Al Khaili, Khamis Mohamed Khamis Buharoon Al Shamsi as well as Khalifa Matar Khalifa Qaroona Almheiri, Najib Youssef Fayyad and Abdulla Ali Musleh Jumhour Al Ahbabi.
Similarly, the shareholders also appointed Dhaen Mohamed Dhaen Mahasoon Alhameli and Faisal Sultan Naser Salem Al Shuaibi as part of the Board of Directors serving a three-year term.
HE Jawaan Awaidha Suhail Al Khaili, the Chairman of ADIB, said, “We are pleased to announce ADIB’s new Board of Directors, with strong representation from the majority shareholders and global leaders in the banking and finance industry.
The bank is currently undergoing a digital transformation programme to boost the bank’s productivity and enhance the customer experience.