Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has concluded its annual general assembly meeting (AGM), where the shareholders approved the distribution of a cash dividend of 83 fils per share for 2024.
The lender will pay out a total of AED 3.03 billion, equivalent to 83% of capital and 50% of the net profits registered in 2024.
The announced dividend amount is higher than the 71 fils per share disbursed for 2023.
ADIB reported a net profit after tax of AED 6.10 billion in 2024, reflecting a 16% increase compared to the full year of 2023.
Jawaan Awaidha Suhail Al Khaili, ADIB's Chairman, said: “ADIB achieved exceptional results in 2024 with net profit before tax reaching AED 6.90 billion.”
“The record return on equity of 28% reflects the healthy and resilient local economy coupled with our focus on delivering transformational initiatives that align with the UAE's dynamic economic landscape, which enabled us to capitalise on the growth opportunities and deliver exceptional value to our shareholders."
