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NBAD to pay 20% cash dividend, 40% bonus shares

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 03 February 2009
TRYING TIMES: On Monday, National Bank of Abu Dhabi posted a 34 percent fall in quarterly profit.
TRYING TIMES: On Monday, National Bank of Abu Dhabi posted a 34 percent fall in quarterly profit.

National Bank of Abu Dhabi plans to pay shareholders 20 percent cash dividends and 40 percent bonus shares, the bank said on Tuesday.

The bank's board which met on Monday will secure approval for the dividends at the general assembly on March 3, the bank said in a statement to the Abu Dhabi bourse.

The bank will also seek approval to issue dirham bonds, the statement said without giving details.


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On Monday, National Bank of Abu Dhabi posted a 34 percent fall in quarterly profit, missing analysts' forecasts, as it set aside provisions for weak loans. (Reuters)

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Last Price:

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25 Nov 2009 09:59 GMT
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  1. Deal sought on Dubai World, Nakheel debts 19
    26 Nov ' 09 at 20:13
    Red Devil/Sandjocky, I have also had several posts blocked over the past couple of days, posts that speak of the facts only as they...   More  »
  2. UAE real estate market has now hit bottom - analysts 05
    26 Nov ' 09 at 21:36
    Comn' AB is a yo-yo when it comes to news.People forecasting good and then bad. Good and bad and then some more "experts" saying...   More  »
  3. Moody's cuts Dubai GRI ratings amid debt delay 02
    26 Nov ' 09 at 19:51
    Dubai World better change its slogan & reposition itself - Dubai LTD.   More  »

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