35% Dividend Pay-out and Increased of Foreign Share Ownership Threshold Approved at DIB’s AGM

At the Annual General Meeting (AGM) of the Dubai Islamic Bank (DIB), a dividend pay-out of 35% along with a proposal to increase the threshold for foreign ownership of DIB shares from 25% to 40%, gained approval.

Over the last decade, DIB has demonstrated considerable growth, both in terms of size and scale.

According to a statement issued by the Bank, given its recent acquisition of Noor Bank, DIB is likely to become one of the world’s largest Islamic Bank’s, with total assets exceeding AED 275 billion (USD 75 billion).

The statement further mentioned that the Noor Bank transaction will not only provide strategic growth opportuniti...