GulfBase Live Support
27/01/2016 16:21 AST
Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 62.8 percent increase in fourth-quarter net profit on Wednesday, according to Reuters calculations.
The bank made 1.15 billion dirhams ($313.1 million) in the three months to Dec. 31, Reuters calculated based on its full-year earnings statement as it did not provide a quarterly breakdown.
This compares with a profit of 706.3 million dirhams in the corresponding period of 2014 and the forecast by an analyst at HSBC for the quarter of 915 million dirhams.
The bank said in a bourse filing its 2015 net profit rose to 3.84 billion dirhams, up 37 percent from the previous year.
The bank's board proposed a 0.45 dirhams cash dividend for 2015, subject to central bank approval, it added. This is up from 0.4 dirhams for the previous year. ($1 = 3.6730 UAE dirham)
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The Dubai Islamic Bank, DIB, rang the market-opening bell today to celebrate the listing of a $1 billion Sukuk on Nasdaq Dubai.
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The Gulf Today
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
Ticker | Price | Change |
---|---|---|
FAB | 11.95 | 0.20 (1.70 |
NCB | 64.98 | 0.35 (0.54 |
RJHI | 76.03 | 0.78 (1.03 |
EMIRATESNBD | 10.65 | 0.05 (0.47 |
SAMBA | 26.98 | 0.59 (2.23 |
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Gulf News