Dubai – Mubasher: Emirates NBD said its board recommended to distribute 40% dividends, equivalent to 40 fils per share, according to a bourse statement.
The proposed dividends amounted to a total of AED 2.22 billion.
The company’s shareholders will hold their ordinary general meeting on 12 February to discuss the board’s dividends.
Net profits reached AED 1.8 billion ($490 million) in Q4-16, down 13% from AED 2.1 billion ($571 million) in Q4-15.
In 2016, profits grew 1.6% to AED 7.24 billion from AED 7.12 billion in 2015.
