send to a friend by email

Dubai Islamic Bank’ board recommends distributing %20 as cash dividends

2010-02-11

The board of directors of Dubai Islamic Bank (DIB) that is listed in Dubai Financial Market, recommended today in its meeting to distribute %20 as cash dividends. This recommendation came after the board’s meeting that had announced the bank’s financial results of 2009, which indicated a net income of AED 1.20 billion. The bank referred the drop in profits comparing to 2008 to the conservative method that is experienced by the bank with the continuing of applying the reserved enhancing policy from AED 520 million in 2008 to AED 768 million in 2009.