Ahli United Bank’s AGM approves 18% dividend

30/03/2018 05:55 AST

Ahli United Bank said on Thursday the shareholders have approved the 18 per cent cash dividend at its Annual General Meeting (AGM). The dividend amounts to $341.6 million (Dh1,257 million), together with a bonus share issue of 5 per cent (five shares per 100 ordinary shares) to shareholders registered as at March 29, the bank said in an emailed statement.

AUB’s shareholders also approved the repurchase by the Bank of its own shares up to a maximum of 10 per cent of its issued shares in accordance with the terms and conditions set by regulators.


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