ADIB shareholders approve over 24% dividend

Dubai: Abu Dhabi Islamic Bank said on Sunday its shareholders have approved the decision to pay more than 24 per cent, or Dh0.2427, per share for the year.

The annual general assembly also approved the financial statements for the year to December 2015, the bank said in a statement posted on Abu Dhabi Securities Exchange website.

The bank posted an 11 per cent increase in net profit in 2015. The bank recorded a net profit of Dh1.943 billion compared with Dh1.75 billion in the same period in the previous year.