United Arab Bank P.J.S.C. ("UAB") confirms that the Central Bank has approved a cash dividend of AED 149.5 million (being 15% of the paid up share capital) and a scrip dividend of AED 149.5 million (being 15% of the paid up share capital). This is as per the proposal of the bank's Annual General Assembly (AGA) which was held on Monday, 3 March 2014 and chaired by H.E. Sheikh Faisal Bin Sultan Bin Salem Al Qassimi, Chairman of the Board of Directors. The record date for the entitlement to the dividend was set as Thursday, 13 March 2014. The dividend cheques will be sent to shareholders by registered post within 30 days from the AGA date, in accordance with the local applicable laws.
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