In an indication of the strength of its solvency and cash flows during 2022

National banks reward their shareholders with dividends exceeding AED 21.5 billion

Banks listed on the Abu Dhabi market accounted for the largest share of distributions. Archival

National banks listed on the local capital markets rewarded their shareholders with generous dividends for the past year, in an indication of their strong solvency and cash flows, making them the highest in terms of dividends, compared to their counterparts in the Middle East and North Africa region.

According to the Emirates News Agency (WAM), the total dividends of national banks amounted to AED 21.5 billion, distributed among 12 banks listed on the Abu Dhabi and Dubai Financial Markets, of which AED 18.35 billion were cash dividends and AED 3.1 billion were bonus dividends.

Banks listed on the Abu Dhabi Securities Exchange accounted for the largest share of total cash and bonus distributions, at 59.2% or AED 12.7 billion, including AED 9.85 billion in cash dividends and AED 2.84 billion in free distributions.

According to the monitoring, banks listed on the Dubai Financial Market accounted for 40.8% of total distributions, worth AED 8.75 billion, including AED 8.49 billion in cash distributions and AED 255.9 million in free distributions.

«First Abu Dhabi»

The General Assembly of First Abu Dhabi Bank (FAB) approved the distribution of cash dividends to shareholders of 52% of the paid-up capital, equivalent to AED 0.52 per share, for a total of AED 5.74 billion for 2022, an increase of 7% compared to 2021.

Abu Dhabi Commercial

ADCB's General Assembly approved a dividend of AED 0.55 per share, including a cash dividend of AED 0.18 and bonus shares of AED 0.37 per share, totalling AED 3.827 billion.

Emirates NBD

Emirates NBD's General Assembly approved a dividend of 60 fils per ordinary share, totalling AED 3.789 billion from last year.

Dubai Islamic

DIB's Annual General Assembly approved the distribution of a 30% cash dividend for a total value of AED 2.2 billion, with the bank recording record net profit growth of AED 5.6 billion.

Mashreq Bank

Mashreq's General Assembly approved the distribution of cash dividends to shareholders of 90% of the capital, equivalent to nine dirhams per share, for a total of AED 1.805 billion from last year.

Abu Dhabi Islamic

ADIB's General Assembly approved a cash dividend of AED 1.7 billion, equivalent to 49 fils per share for the previous year, compared to 31 fils in 2021, representing 49.2% of the bank's total net profit for the financial year 2022.

Dubai Trade

The General Assembly of Commercial Bank of Dubai also approved a dividend of AED 912.5 million for the year 2022, including a cash dividend of 26.05%, equivalent to 26.05 fils per share, for a total of AED 730.1 million, and bonus shares of 6.51%, equivalent to 6.51 shares per 100 shares of capital, for a total of AED 182.4 million.

«Ras Al Khaimah National Bank»

The Board of Directors has recommended to RAKBANK's General Assembly, which will be held on April 10, a proposal to distribute cash dividends of AED 569.9 million, equivalent to 34% of the capital, or 34 fils per share.

«Sharjah Islamic»

The General Assembly of Sharjah Islamic Bank approved the distribution of a dividend of 15%, totaling AED 462.2 million, distributed over 10% cash dividends of AED 308.1 million, and 5% bonus shares of the company's capital of AED 154 million.

«um Al Quwain National»

NBQ's General Assembly also approved the distribution of cash dividends of AED 200 million, equivalent to 10% of the paid-up capital.

«Fujairah National»

NBF's General Assembly approved the distribution of dividends through bonus shares of 6%, equivalent to AED 120 million of paid-up capital for the previous year.

Ajman Bank

Ajman Bank's Board of Directors has proposed distributing dividends to shareholders in the form of bonus shares of 3.5% of the paid-up capital, by issuing 73.5 million bonus shares, totaling AED 73.5 million.