Dubai: RAK Bank said it has proposed a dividend of 30 per cent of the paid-up capital for the year ending December 2018.

The dividend will be presented for approval by shareholders at the annual general meeting on March 20.

RAK Bank shares closed flat at Dh4.10 in a weak Abu Dhabi Securities Index (ADX) session, which saw the benchmark 0.44 per cent lower at 5,024.49.