NBAD’s board to meet on January 28

Dubai: National Bank of Abu Dhabi said on Thursday it’s board will meet on January 28 to review its performance for last year.

The board will also approve a proposal concerning dividend distribution, the bank said in a statement.

In the first nine months to September 2014, the bank’s net profit rose 14.7 per cent to Dh4.2 billion. NBAD is almost 70 per cent owned by Abu Dhabi’s government.