Dubai – Mubasher: The shareholders of Dubai Islamic Bank (DIB) gave the green light for distributing 25% of the paid-up capital as cash dividends for 2021.

The UAE Islamic lender will pay a total amount of AED 1.80 billion as dividends to the eligible shareholders for last year, according to a bourse filing on Wednesday.

DIB has registered approximately $25 billion in combined deal value at the end of 2021.

The bank logged net profits attributable to the owners worth AED 4.39 billion in 2021, with the board proposing a cash dividend distribution of 25 fils per share last January.