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Dubai Islamic Bank shareholders approve 20% dividend

Dubai: Dubai Islamic Bank (DIB), the largest Islamic bank announced that the annual general assembly of shareholders approved the bank’s 2020 financial statements and other tabled resolutions.
Other agenda items concluded at the AGM included a dividend of 20 per cent aggregating to an amount of Dh1.44 billion, the appointment of members of the Internal Sharia Supervision Committee and external auditors, approve the recommendation to amend and restate the Articles of Association of the bank, as well as a move to allow the Board to issue Sukuks or similar instruments in amounts not exceeding $7.5 billion.
“DIB has proven its resilience and agility in its response to what has been one the most challenging and unpredictable years for the UAE’s business community and the world as a whole. As a response, the bank has taken steps to mitigate the economic impact of the Covid-19 pandemic and support the wider economy’s road to recovery. DIB has provided relief measures ....

United Arab Emirates , Dubai Islamic Bank , Mohammed Ibrahim Al Shaibani , Adnan Chilwan , Sharia Supervision Committee , Articles Of Association , Dib Dubai Islamic Bank , Ruler Court , Image Credit , Internal Sharia Supervision Committee , His Highness The Ruler , Dubai Islamic , ஒன்றுபட்டது அரபு அமீரகங்கள் , துபாய் இஸ்லாமிய வங்கி , ஷரியா மேற்பார்வை குழு , கட்டுரைகள் ஆஃப் சங்கம் , தீப் துபாய் இஸ்லாமிய வங்கி , ஆட்சியாளர் நீதிமன்றம் , படம் கடன் , உள் ஷரியா மேற்பார்வை குழு , அவரது உயர்ந்த தன்மை தி ஆட்சியாளர் , துபாய் இஸ்லாமிய ,

DIB shareholders approve 20% dividend

DIB shareholders approve 20% dividend
DUBAI, 4 days
ago
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, at its Annual General Meeting (AGM), approved a dividend of 20% aggregating to an amount of AED1.44 billion ($390 million).

DIB also approved the appointment of members of the Internal Sharia Supervision Committee and external auditors, approve the recommendation to amend and restate the Articles of Association of the bank, as well as a move to allow the Board to issue Sukuks or similar instruments in amounts not exceeding $7.5 billion.

Commenting on the AGM, Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of Dubai Islamic Bank: “DIB has proven its resilience and agility in its response to what has been one the most challenging and unpredictable years for the UAE’s business community and the world as a whole. As a response, the bank has taken steps to mitigate ....

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