Mashreq distributes 10% cash and 10% shares to shareholders

Mashreq distributes 10% cash and 10% shares to shareholders

Mashreq hosted their Annual General Meeting (AGM) at the Mashreq Head Office, resulting in the approved the recommendations of the Board of Directors as to the distribution of profits at 10% cash dividends and 10% bonus shares to shareholders.
Mr. Abdul Aziz Al Ghurair, CEO of Mashreq stated: “Over the course of the last year our shareholders have shown strong support for the bank, helping us retain profit levels and build a strong capital base through internal capitalization. As a result, our capital adequacy stands at 14% which is above the UAE central bank requirements.”