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FAB shareholders approve highest cash dividend of Dhs8.3b at AGM
Gulf Today
|March 12, 2025
First Abu Dhabi Bank (FAB) held its Annual General Meeting (AGM) on Tuesday at its headquarters in Abu Dhabi. All agenda items were reviewed and approved, including the distribution of Dhs8.3 billion in cash dividends for the financial year ending 31 December 2024 (75 fils per share).
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Shareholders registered on 21 March 2025 (i.e., those purchasing shares on or before 19 March 2025) will be eligible for the cash dividends.
In addition to approving the bank's highest-ever cash dividend payout, the AGM underlined a period of consecutive annual revenue growth and improved profitability, demonstrating steady progress against the FAB Group strategy as the UAE's global bank.
FAB's profit before tax increased by 13% year on year, reaching Dhs 19.9 billion, driven by higher client activity, strong business volumes, diversified income streams, and continued operational efficiencies. This strong performance positions FAB for continued success and growth, reflecting its ability to capitalize on market opportunities and deliver sustained value to its shareholders.
This story is from the March 12, 2025 edition of Gulf Today.
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