Dubai Islamic Bank achieved a net profit of 5.103 billion dirhams during the past year, an increase of 2% on an annual basis compared to 5.004 billion dirhams recorded by the bank in 2018.
The bank said in a statement today, during which it announced its financial results for the year ended December 31, 2019, that the recommendation of the Board of Directors to distribute 35% cash dividends is subject to the approval of the General Assembly, noting at the same time that the recommendation to increase the percentage of foreign ownership by up to 40%, is subject to For regulatory and official approval.
He explained that the total income increased to 13.684 billion dirhams, a growth of 17% on an annual basis compared to 11.73 billion dirhams in 2018, while the net income increased to 9.267 billion dirhams, an increase of 13% on an annual basis compared to 8.2 billion dirhams, While operating expenses maintained their stability at 2.358 billion dirhams, compared to 2.322 million dirhams in 2018.
5.1 billion dirhams, Dubai Islamic net profit in 2019
2020-02-12T17:11:11.550Z
Dubai Islamic Bank achieved a net profit of 5.103 billion dirhams during the past year, an increase of 2% on an annual basis compared to 5.004 billion dirhams recorded by the bank in 2018. The bank stated in a statement today, during which it announced its financial results for the year ending on 31 December 2019, a
Source: emara