Shareholders of Ahli United Bank have approved the distribution of cash dividends for 2022 at 10 per cent of par value (2.5 cents per ordinary share), totalling $278.7 million in cash, as well as the transfer of $54.6m to statutory reserves.
The announcement follows the annual general meeting yesterday with representatives from the competent regulatory bodies and external auditors in attendance.
Presided over by outgoing deputy chairman Mohammad Al Ghanim, the meeting approved the appointment of a new board of directors with Hamad Al Marzouq as chairman, Adel El Labban and Khalid Najibi as deputy chairmen, as well as board members Khalid Al Nisf, Muad Al Osaimi, Haitham Al Terkait, Khaled Al Shamlan, Dr Anwar Al Mudhaf, and Jamal Al Naif.
“This year’s performance is a testament to the strength and resilience of Ahli United Bank’s growth strategy, and underscores the merits of its bold push for the comprehensive transformation of its operations,” said Mr Al Marzouq.
“Our robust operational and financial results are a natural outcome of our proven business strategy, as well as the dedication of our team, and valuable trust of our shareholders.”
The chairman further stressed the impact of the bank’s unwavering commitment to delivering consistent returns, together with its focused and multi-faceted endeavours in terms of digitalisation, data analytics, and human capital transformation.
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