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Dubai / WAM
Dubai Islamic Bank (DIB) has announced the distribution of a 45% cash dividend for 2015, a 12.5% increase from the previous year, following the conclusion of its Annual General Meeting (AGM).
The assembly approved the bank’s 2015 financial statements. For the 12 months ended December 31, 2015, DIB reported a net profit of AED3.83 billion, a significant increase of 37 percent compared to AED2.80 billion in 2014.
Commenting on the announcement, Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of Dubai Islamic Bank, said, “2015 was a special year for DIB where the bank celebrated its 40th anniversary whilst also recording the highest ever profit number in its history.