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ABU DHABI / WAM
The shareholders of the First Abu Dhabi Bank (FAB) approved the distribution of 74 percent cash dividends (AED 0.74 per share) for the financial year ended on December 31, 2018 for registered, entitled shareholders, during the general assembly meeting (GAM).
Commenting on FAB’s performance, Abdul Hamid Saeed, Group CEO of FAB, said, “Consistent with our commitment to maximise shareholder returns, we are pleased to announce the distribution of 74 percent cash dividends, totalling AED8.06 billion, an increase of six percent from last year. This is a record total for FAB and the highest dividend distribution in the UAE this year, reflecting our continued focus on delivering sustainable growth in shareholder returns.â€
He added, “Having completed our integration journey, the bank is well positioned to unlock its full potential and to continue to maximise shareholder value in 2019 and beyond.