Yesterday, Abu Dhabi Bank held its first general assembly meeting at the bank’s headquarters in Abu Dhabi. The items on the meeting’s agenda were discussed and approved, including a cash dividend of 74%, equivalent to 74 fils per share, with a total cash dividend of 8.08 billion dirhams for the fiscal year. Ended December 31, 2019.

Dividends registered on Thursday 5 March 2020 (i.e. buyers on Tuesday, 3 March 2020) are entitled to the dividend.

After the election of the new members to the Board of Directors for a period of three years, the Bank approved the increase in the number of the new Board members from nine to 11 members, they are: His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Sheikh Mohammed bin Saif bin Muhammad Al Nahyan, and Jasim Muhammad Buataba Al-Zaabi (new member) , Dr. Sultan Ahmed Al Jaber (new member), Sheikh Ahmed Muhammad Sultan Al Dhaheri, Jassim Muhammad Al Siddiqi, Khalifa Sultan Al Suwaidi, Muhammad Thani Murshid Ghanem Al Rumaithi, Muhammad Saif Al Suwaidi, Walid Al Muqrab Al Muhairi (new member), and Abdul Hamid Saeed (new member).

After completing the board membership, Khaldoun Khalifa Al Mubarak will leave, and Nasser Ahmed Khalifa Ahmed Al Suwaidi.

His Highness Sheikh Tahnoon bin Zayed Al Nahyan, National Security Adviser and Chairman of the First Abu Dhabi Bank, said: “The establishment of the First Abu Dhabi Bank in 2017 marked a milestone in the history of the banking sector in the region, where the bank has a prominent position at the international level, and also depends on the experiences Its highly efficient and diversified staff, which enables the bank to contribute to economic development at the local and regional levels.

His Highness added: “In less than three years, the bank was able to enhance its position by contributing to achieving the economic vision of the Emirate of Abu Dhabi, and in the markets in which we operate. During this period, Abdul Hamid Saeed played a pivotal role in achieving this achievement, as the bank under its management registered growth Big to become the largest bank in the country with a total assets of 822 billion dirhams at the end of December 2019 ».