FGB okays 100% cash dividend

abu dhabi — FGB shareholders on Tuesday approved 100 per cent cash dividend for 2016.

The approval was given at the bank’s annual general meeting in Abu Dhabi. The meeting okayed the distribution of 100 per cent cash dividends for registered, entitled shareholders for the financial year ended 31 December, 2016 and said owners of FGB shares registered on March 12, 2017 [i.e. buyers on March 8, 2017] are entitled to cash dividends.

The bank’s financial statements for the year ended December 31, 2016 were also approved at the AGM.

Abdulhamid Saeed, managing director and board member at FGB, said 2016 was “our 17th consecutive year of consistent growth in profitability, reflecting a remarkable legacy of achievements and success for the bank”.