ADIB shareholders give nod to $950m dividend payout

Shareholders in Abu Dhabi Islamic Bank (ADIB) have approved a dividend payment of AED3.5 billion ($950 million) for 2025.

They gave their endorsement at the lender’s annual general meeting on Wednesday, the state-run Wam news agency reported.

The bank will pay a dividend of 97.05 fils per share, equivalent to 50 percent of 2025 net profit, up from 83 fils per share in 2024.

Net profit surged 16 percent year on year to AED7.1 billion, supported by 16 percent growth in revenue to AED12.3 billion.

Assets increased 24 percent to AED281 billion last year. Gross customer financing grew by 26 percent to AED186 billion, while customer deposits climbed 25 percent to AED229 billion. 

ABID shares are up 22 percent year-to-date.

Emirates International Investment owns a 39.4 percent stake in the lender.

ADIB said on Wednesday that all its banking services, including digital channels, branches and ATMs, continue to operate normally despite continued attacks on the UAE by Iranian missiles and drones.

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