27 February 2013, Sharjah, UAE: United Arab Bank P.J.S.C. (UAB), successfully held its 39th Annual General Meeting (AGM) on Wednesday, 27th February 2013 5h00 pm, at the Coral Beach Resort in Sharjah. Chaired by H.E. Sheikh Faisal Bin Sultan Bin Salem Al Qassimi, Chairman of the Board of Directors, the AGM adopted the consolidated financial statements for the year ended 31 December 2012.
The AGM further resolved on the distribution of a cash dividend of AED 249.1 million at the rate of 25% of the share capital out of the record annual net profit of AED 410 million which is 24% up over 2011 net profit of AED330 million. The record date for the entitlement to the dividend was set as Sunday, 10 March 2013. The dividend cheques will be sent to shareholders by registered post within 30 days from the AGM date, in accordance with the local applicable laws.
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