50% at a value of 50 fils per share

The General Assembly of "Emirates NBD" approves the distribution of cash dividends of 3.15 billion dirhams

  • Net profit of "Emirates NBD" rose 34% to 9.3 billion dirhams.

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The General Assembly of Emirates NBD approved the distribution of cash dividends at the rate of 50%, amounting to (50 fils per share), with a total value of 3.158 billion dirhams for the fiscal year ending on December 31, 2021.

In detail, Emirates NBD held its 15th general assembly meeting virtually yesterday.

During the meeting, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Emirates NBD Group, presented a report on the group's performance for the year 2021.

His Highness said: "We are grateful to the government of the United Arab Emirates for its wise leadership and guidance in taking preventive and proactive measures to gradually reopen the economy in safety and reassurance, which made the country at the forefront in terms of recovery efforts made all over the world.

The successful opening of (Expo 2020 Dubai) also led to achieving balanced growth and accelerating the economic recovery, while contributing to increasing the international competitiveness of Dubai and confirming its position as a center for global trade and investment.

The speed and efficiency shown by the UAE in launching vaccination campaigns against the Corona virus in 2021 had the greatest impact in the gradual reopening of the economy, and made it in a good position to benefit from the recovery of global commercial activities during the year.

His Highness added: “Emirates NBD was able to achieve strong financial results for the year 2021, which was reflected in a 34% growth in net profits to reach AED 9.3 billion.

At Emirates NBD, we continue to care for the safety of our customers, colleagues, stakeholders and society.

In parallel with the increasing demand for customers to use digital channels during the (Covid-19) pandemic, we have accelerated the pace of investment in the digital landscape and in our international network to support future growth.”

His Highness continued: “Through our efforts and our constant keenness to be among the first to adopt digital banking channels, innovate and follow best practices, the group continued to win many prestigious international awards.

In 2021, Emirates NBD was awarded (Best Bank in the UAE) for the seventh year in a row, and (Best Bank in the Middle East) at the Euromoney Awards for Excellence 2021.

Our international offices also received recognition awards, and our branches in Saudi Arabia won the “Best Foreign Bank in Saudi Arabia” award from (International Finance) magazine for the year 2021. International operations contributed 38% of the total income in 2021.”

His Highness added: “Emirates NBD has a firm commitment to support the economic growth of the United Arab Emirates in line with the ambitions of our wise leadership.

Emiratisation remains a top priority for us, and in response to the federal government program (Nafis), which was announced as part of the (50 projects) in the country to help integrate Emiratis into the private sector, we launched our new elite program called (Rowad), which aims To prepare and groom the next generation of future leaders in the group.

This is the largest investment the group has ever made in a single talent development programme.

We are proud to be among the largest companies employing Emiratis in the country.”

The General Assembly of Emirates NBD approved the distribution of cash dividends of 50% (at 50 fils per share), with a total value of 3.158 billion dirhams for the fiscal year ending on December 31, 2021.

Total income amounted to AED 23.8 billion, an increase of 3% compared to the same period of the previous year.

Total assets amounted to 687 billion dirhams, decreasing by 2% compared to the year 2020.

Ahmed bin Said:


• “In response to the (Nafis) program, we launched (Ruwad), to prepare and prepare the next generation of future leaders in the group.”

• “(Ruwad) is the largest investment the group has ever made in a single program to develop and refine talents.”

Emirates Islamic achieves exceptional results during 2021

"Emirates Islamic" held the 46th annual meeting of its general assembly virtually, due to the precautionary measures related to "Covid-19".

During which, Hisham Abdullah Al Qassim, Chairman of Emirates Islamic, Vice Chairman and Managing Director of Emirates NBD Group, presented a report for the financial year ending on December 31, 2021.

Commenting on Emirates Islamic’s performance, Hisham Abdullah Al Qassim said: “Emirates Islamic succeeded in achieving exceptional results during 2021. In a competitive market, the bank recorded a strong performance, achieving a net profit of 823 million dirhams during the year, and this achievement confirms the bank’s flexibility in Facing global economic fluctuations, as we continue to consolidate our leading position in the global Islamic banking sector.”

Al Qassim added: "Emirates Islamic continues its pivotal role in advancing the growth and development of the Islamic banking sector in the UAE and contributing to crystallizing the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the global capital of the Islamic economy."

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