• NIHNotification from the company
  • AMLAKPress release
Home > Issuers > Listed Securities > Securities > Company Profile Page

Dubai Islamic Bank

DIB
3.910
0.050
1.295%
Summary Period

Trading Summary -

Open Price Closing Price Previous Price Change (%) High Low
Best Buy Best Sell
Buy (Price) Buy (Volume) Sell (Price) Sell (Volume) 52 High 52 Low
Last Trade Number of Trades Volume Value
Date:
Price:
Volume:

Trading Summary Chart -

Daily Summary -

  • Market: DFM
  • Symbol: DIB
  • ISIN: AED000201015
  • Sector: Banks

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

Dubai Islamic Bank (Public Joint Stock Company) (the “Bank”) was incorporated by an Amiri Decree issued on 29 Safar 1395 Hijri, corresponding to 12 March 1975 by His Highness, the Ruler of Dubai, to provide banking and related services based on Islamic Sharia’a principles. It was subsequently registered under the Commercial Companies Law number 8 of 1984 (as amended) as a Public Joint Stock Company.

Key Facts

ESTABLISHED

March 12, 1975

AUDITOR

M/s. Deloitte

FISCAL YEAR END

DECEMBER

REGISTRAR

Dubai Islamic Bank

Board Members

CHAIRMAN

H.E. Mohammad Ibrahim Abdulrahman Al Shaibani

MEMBERS

Mr. Hamad Abdulla Al Shamsi
Mr. Yahya Saeed Ahmad Lootah
Mr. Abdulla Ali Obaid Al Hamli
Mr. Ahmad Mohammad Saeed Bin Humaidan
Mr. Abdulaziz Ahmed Al Muhairi
Mr. Abdulla Hamad Al Shamsi
H.E. Hamad Buamim
Mr. Javier Marin Romano

Top Management

GROUP CEO
Dr. Adnan Chilwan

Chief Operating Officer
Mr. Obaid Al Shamsi

Chief of Corporate Banking       
Mr. Naveed Ali

Chief of Treasury           
Mr. Mohamed Saleem

Chief of Consumer Banking       
Mr. Nasser Abdulla Al Awadhi

Chief of Investment Banking    
Mr. Hamid Iqbal Butt

Chief Financial Officer
Mr. John Macedo

Chief of Legal
Mr. Omar Rahman 

Chief Digital & Innovation Officer
Mr. Sanjay Malhotra

Chief Credit Officer
Mr. Nagaraj Ramakrishnan

Chief Risk Officer
Mr. Anil Kumar Parimoo

Chief of Strategy & Investor Relations
Mr. Salman Liaqat

Head of Compliance
Mr. Sami Al Awadi

Head of Internal Audit
Mr. Hamid Taher Chinoy

Head of Legal & Board Secretary
Mr. Osama Issag Alhaj

Head of Investor Relations and Strategic Communication
Mr. Kashif Moosa

Equity Profile

DATE OF LISTING

Mar 26, 2000

SECTOR

Banks

AUTHORIZED CAPITAL:

7,907,502,214.00 AED

ISSUED SHARES:
7,240,744,377

PER VALUE SHARE

1.00 AED

Subsidiaries

Dubai Islamic Bank Pakistan Ltd.

Pakistan

100.0%

Tamweel P.S.C

U.A.E

92.0%

DIB Bank Kenya

Kenya

100.0%

Dubai Islamic Financial Services L.L.C.

U.A.E.

95.5%

Deyaar Development P.J.S.C.

U.A.E

44.9%

Dar al Shariah Financial & Legal Consultancy L.L.C.

U.A.E.

60.0%

Al Tanmyah Services L.L.C.

U.A.E.

99.5%

Al Tatweer Al Hadith Real Estate

Egypt

100.0%

Al Tameer Modern Real Estate Investment

Egypt

100.0%

Al Tanmia Modern Real Estate Investment

Egypt

100.0%

Naseej Private Property Management Services

U.A.E.

99.0%

DIB Printing Press L.L.C.

U.A.E.

99.5%

Al Islami Real Estate Investments Ltd.

U.A.E.

100.0%

Dubai Islamic Trading Center L.L.C.

U.A.E.

100.0%

Madinat Bader Properties Co. L.L.C.

U.A.E.

100.0%
















.

AFFILIATES

Bank of Khartoum

Sudan

29.5%

Bank Panin Syariah Tbk

Indonesia

38.3%

Bosnia Bank International

Bosnia

27.3%

Liquidity Management Center

Bahrain

25.0%

Ejar Cranes & Equipment L.L.C.

U.A.E.

20.0%

Solidere International Al Zorah Equity Investments Inc

Cayman Islands

22.7%

Arady Development LLC

U.A.E.

50.0%

Al Bustan Center Company L.L.C.

U.A.E.

50.0%

 

Contact Details

Head Office

Dubai, United Arab of Emirates

Address

Head office Building 2, Al Maktoum Road, Opposite DNATA, Deira, P.O. Box 1080, Dubai

Phone No.

+9714 295 3000

Fax No.

+9714 295 4111

Email address:

contactus@dib.ae

Website

http://www.dib.ae

Showing Last 10 Disclosures - DIB View all
DIB 10-06-2020 09:32 AM

Press release

1 File(s)
DIB 12-05-2020 02:18 PM

Notification: Disclosure of exposure to PHOENIX Commodities Pvt Ltd 's debts

1 File(s)
DIB 30-04-2020 09:02 AM

Press release regarding financial results for the 1st QTR of 2020

1 File(s)
DIB 30-04-2020 09:01 AM

Financial statements for the 1st QTR of 2020

1 File(s)
DIB 30-04-2020 08:59 AM

Results of BOD meeting

1 File(s)
DIB 27-04-2020 09:08 AM

BOD meeting

1 File(s)
DIB 05-04-2020 08:42 AM

Notification: Disclosure of exposure to NMC Healthcare and Corporations' debts and sister companies

1 File(s)
DIB 16-03-2020 09:34 AM

Press release

1 File(s)
DIB 16-03-2020 08:08 AM

Resolutions of General Assembly

1 File(s)
DIB 16-03-2020 08:06 AM

Resolutions of General Assembly

1 File(s)
Showing Last 10 Issuer News - DIB View all
Showing Last 10 Financial Reports - DIB View all
DIB 30-04-2020 09:01 AM

Financial statements for the 1st QTR of 2020

1 File(s)
DIB 13-02-2020 08:34 AM

Financial statements for the year of 2019

1 File(s)
DIB 16-10-2019 08:58 AM

Financial statements for the 3rd QTR of 2019

1 File(s)
DIB 30-06-2019 10:30 AM

Financial statements for the 2nd QTR of 2019

1 File(s)
DIB 23-04-2019 09:55 AM

Financial statements for the 1st QTR of 2019

1 File(s)
DIB 30-01-2019 12:00 PM

Financial statements for the year of 2018

1 File(s)
DIB 10-10-2018 02:51 PM

Financial statements for the 3rd QTR of 2018

1 File(s)
DIB 18-07-2018 10:07 AM

Financial statements for the 2nd QTR of 2018

1 File(s)
DIB 18-04-2018 10:51 AM

Financial statements for the 1st QTR of 2018

1 File(s)
DIB 24-01-2018 11:29 AM

Financial statements for the year of 2017

1 File(s)
Showing Last 10 General Meetings - DIB View all
Meeting Date/TimeMar 15, 2020 04:15:00 PMType of MeetingGeneral Assembly
Net Profit/Loss5,103 millionCash Dividend35
Bonus Share
Announcements/Resolutions

RESOLVED that the Board of Directors’ report on the Bank’s activities and financial position in relation to the financial year ended 31/12/2019 is hereby approved.

RESOLVED that the auditor’s report for the financial year ended 31/12/2019 is hereby approved.

RESOLVED that the Fatwa and Shari’a Supervisory Board’s report in relation to the Bank’s activities during the financial year ended 31/12/2019 is hereby approved.

RESOLVED that the Bank’s balance sheet and profit and loss statement for the year ended 31/12/2019 is hereby approved.

RESOLVED that the Board of Directors’ recommendation in relation to the distribution of cash dividends of 35% of the paid-up capital, aggregating to an amount of AED 2,529,488,815 (UAE Dirham Two billion Five hundred Twenty Nine million Four hundred Eighty Eight thousand Eight hundred and Fifteen) is hereby approved.

RESOLVED that the Board of Directors’ remuneration with respect to the financial year ended 31/12/2019 is hereby approved.

RESOLVED that the Board of Directors are hereby absolved from responsibility for the financial year ended 31/12/2019 is hereby approved.

RESOLVED that the external auditors are hereby absolved from responsibility for the financial year ended 31/12/2019.

RESOLVED that the following persons are hereby nominated  to be members of the Internal Shari’a Supervision Committee (ISSC):

(1)       Dr. Mohamed Bin Ali Bin Ibrahim Elgari Bin Eid (ISSC Member)

(2)       Dr. Mohamad Akram Bin Laldin (ISSC Member)

(3)       Dr. Ibrahim Ali Abdulla Hamad Al Mansoori (ISSC Member)

(4)       Dr. Mohammad Abdul Rahim Sultan AlOlama (ISSC Member)

(5)       Dr. Muhammad Qaseem Muhammad Ismail (ISSC Member)

The aforementioned nominees shall be appointed subject to obtaining an approval from the Higher Sharia Authority of the UAE Central Bank.

RESOLVED that the M/s. Deloitte & Touche (M.E.) be reappointed as the External Auditors of the Bank for the financial year 2020 and determined their remuneration.

RESOLVED that the following persons are hereby elected to be Directors of the Bank for a term of three years (2020-2023):

(1)        H. E. Mohammad Ibrahim Al Shaibani  

(2)        Mr. Hamad Abdulla Rashed Al Shamsi

(3)        Mr. Yahya Saeed Ahmad Lootah

(4)        Mr. Abdulla Ali Obaid Al Hamli

(5)        Mr. Ahmad Mohammad Saeed Bin Humaidan

(6)        Mr. Abdulaziz Ahmed Al Mheiri

(7)        Mr. Abdulla Hamad Rahma Al Shamsi

(8)        Mr. Hamad Mubarak Buamim

(9)     Mr. Javier Marin Romano

Special Resolution:

RESOLVED to authorise the Board of Directors of the Bank to issue any senior sukuk and/or other similar instruments which are not convertible into shares, whether under a programme or otherwise, for an aggregate outstanding face amount not exceeding USD 7.5 billion (or the equivalent thereof in other currencies) at any time and to authorise the Board of Directors to determine and agree on the date of issuance provided that such date does not exceed one year from the date of the General Assembly meeting, the amount, offering mechanism, transaction structure and other terms and conditions of any such issuance(s), provided that this is undertaken in compliance with the provisions of the Commercial Companies Law and any regulations or guidelines issued by any governmental or regulatory authority pursuant to such law and after obtaining approvals required from the relevant competent regulatory authorities.

Special Resolution:

RESOLVED to authorise the Board of Directors of the Bank to issue Additional Tier 1 sukuk which are not convertible into shares for an aggregate face amount not exceeding USD 1.5 billion (or equivalent thereof in any other currency) and to authorise the Board of Directors to determine and agree on the date of issuance provided that such date does not exceed one year from the date of the General Assembly meeting, the amount, offering mechanism, transaction structure and other terms and conditions of such issuance (provided that such issuance is subordinated, profit payments under the terms and conditions of such issuance are capable of being cancelled under certain circumstances and the terms and conditions also contain a point of non-viability provision), and subject in all cases to obtaining necessary approvals required from the relevant competent regulatory authorities.

Special Resolution:

RESOLVED to authorize the Board of Directors of the Bank to issue Tier 2 sukuk  which are not convertible into shares for an  aggregate face amount not exceeding USD 1.5 billion (or equivalent thereof in any other currency) and to authorise the Board of Directors to determine and agree on the date of issuance provided that such date does not exceed one year from the date of the General Assembly meeting, the amount, offering mechanism, transaction structure and other terms and conditions of such issuance (provided that such issuance is subordinated and the terms and conditions also contain a point of non-viability provision), and subject in all cases to obtaining necessary approvals required from the relevant competent regulatory authorities.

Special Resolution:

RESOLVED to approve Board of Directors’ proposal to increase the Foreign Ownership Limit in the Bank’s share capital from 25% to 40% and subject to obtaining approvals from the relevant regulatory authorities, to authorize the Board of Directors of the Bank or any person so authorized by the Board of Directors of the Bank, to take all other necessary measures to increase the Foreign Ownership Limit in the Bank’s share capital from 25% to 40% and to accordingly amend article (15) of the Bank’s Articles of Association to read as follows:

‘All the shares of the company are of par value. UAE nationals’ share shall not, at any time during the continuation of the company, be less than 51% of the share capital, while non UAE nationals may own company’s shares within a rate which does not exceed 40% of the share capital, which may be increased after the approval of Company’s Board of Directors and upon a resolution by the competent authorities.’


Last Date For Dividend EntitlementMonday, March 23, 2020Ex-Dividend DateTuesday, March 24, 2020
Register Closing (Settlement) DateWednesday, March 25, 2020Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber of Commerce
1 File(s)
Meeting Date/TimeDec 17, 2019 05:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss-Cash Dividend
Bonus Share
Announcements/Resolutions1. Approved acquisition of Noor Bank PJSC subject to regulatory approvals through the entry of strategic investors after having reviewed the study on the benefits DIB would gain from the entry of the Strategic Investors and the summary of the valuation report on both banks and all measures DIB undertook to reach the share swap ratio as summarized in the shareholders circular. 

2. Agreed to authorize DIB’s Board of Directors to negotiate and finalize key terms and conditions of the Capital Increase and the share and purchase agreement including the share swap ratio of 1 Dubai Islamic Bank share for 5.49 shares of Noor Bank through the issuance of 651,159,198 new shares of DIB, subject to regulatory approvals.

3. Subject to the completion of the transfer of the shares of Noor Bank P.J.S.C. to DIB, approved the increase of capital of DIB from 6,589,585,179 DIB shares to 7,240,744,377 shares through the issuance of 651,159,198 new DIB shares and the allocation of such new DIB shares to Noor Investment Group Limited and Emirates Investment Authority as strategic investors and to list the newly issued shares of DIB on the Dubai Financial Market after obtaining all applicable regulatory approvals.

4. 
Approved the amendment of Article (14) of DIB’s Articles of Association to include the amount of increase in share capital which is approved under item (2) above and obtaining relevant regulatory approvals.

Article (14) prior to amendment

The authorized capital of the Company is determined at AED 7,907,502,214 (Seven Billion and Nine Hundred and Seven Million, Five Hundred and Two Thousand, Two Hundred and Fourteen UAE Dirhams).

The issued capital of the Company shall be AED 6,589,585,179 (Six Billion Five Hundred Eighty Nine Million and Five Hundred Eighty Five Thousand and One Hundred Seventy Nine UAE Dirhams), divided into 6,589,585,179 (Six Billion Five Hundred Eighty Nine Million and Five Hundred Eighty Five Thousand and One Hundred Seventy Nine) shares with par value of one(1) UAE Dirham for each share paid in full and all shares are cash shares.

Article (14) post amendment

The authorized capital of the Company is determined at AED 7,907,502,214 (Seven Billion and Nine Hundred and Seven Million, Five Hundred and Two Thousand, Two Hundred and Fourteen UAE Dirhams).

The issued capital of the Company shall be AED 7,240,744,377 (Seven Billion Two Hundred and Forty Million Seven Hundred and Forty Four Thousand and Three Hundred and Seventy Seven UAE Dirhams), divided into 7,240,744,377 (Seven Billion Two Hundred and Forty Million Seven Hundred and Forty Four  Thousand and Three Hundred and Seventy Seven) shares with par value of one (1) UAE Dirham for each share paid in full and all shares are cash shares.

5. Agreed to authorize DIB’s Board of Directors or any person so authorized by the Board of Directors of DIB, to take all other necessary measures to execute and successfully conclude the acquisition and the Capital Increase, including, without limitation, to apply for a resolution of the Securities and Commodities Authority and/or the UAE Central Bank to declare the Capital Increase, to sign the share purchase agreement, to undertake and finalize the amendment to DIB’s Articles of Association and the listing of the new shares on the Dubai Financial Market and to sign any documents and agreements in relation to the above, subject to applicable regulatory approvals.




Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber of Commerce
1 File(s)
Meeting Date/TimeMar 06, 2019 05:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss5,004 million Cash Dividend35
Bonus Share
Announcements/Resolutions1. Approved the Board of Directors’ report in relation to the financial year ended 31/12/2018. 
2. Approved the auditor’s report in relation to the financial year ended 31/12/2018.
3. Approved the Fatwa and Shari’a Supervisory Board report in relation to the Bank’s activities during the financial year ended 31/12/2018.
4. Approved the Bank’s Balance Sheet, profit and loss statement for the financial year ended 31/12/2018.
5. Approved Board of Directors’ recommendation in relation to cash dividends of 35%of the paid-up capital, aggregating to an amount of AED 2,301,583,096 (UAE Dirham Two Billion Three Hundred and One Million Five Hundred and Eighty Three Thousand and Ninety Six).
6. Approved the reappointment of following members of the Fatwa and Shari’a Supervisory Board (FSSB):
(1) 
Dr. Hussein Hamid Hassan (FSSB Chairman)
(2) Dr. Mohammad Abdul Hakeem Zoeir (FSSB Memberand General Secretary)
(3) Dr. Yousef Bin Abdulla Bin Saleh Alshubaily (FSSBMember)
(4) Dr. Mohammad Abdul Rahim Sultan AlOlama (FSSBMember)
(5) Dr. Muhammad Qaseem Muhammad Ismail (FSSB Member)

7. Approved to absolve the members of the Board of Directors from responsibilities for the financial year ended 31/12/2018.
8. Approved to absolve the external auditors from responsibilities for the financial year ended 31/12/2018.
9. Appointment of M/s. Deloitte as auditors for the financial year 2019 and agreed on their fees.
10. Approved remuneration of the Board of Directors with respect to the financial year ended 31/12/2018.
11. Special Resolution:
The AGM secretary read Item Number (11) of the meeting agenda. Following discussion and deliberation between the shareholders and the Board, the shareholders unanimously approved and ratified the following: 
* To authorise the Board of Directors of the Bank to issue any senior sukuk and/or other similar instruments which are non-convertible into shares, whether under a programme or otherwise, for an aggregate outstanding face amount not exceeding USD  5 billion (or the equivalent thereof in other currencies) at any time and to authorise the Board of Directors to determine and agree on the timing, amount, offering mechanism, transaction structure and other terms and conditions of any such issuance(s), provided that this is undertaken in compliance with the provisions of the Commercial Companies Law and any regulations or guidelines issued by any governmental or regulatory authority pursuant to such law and after obtaining approvals which may be required from the relevant competent regulatory authorities.

12. Special Resolution
The AGM secretary read Item Number (12) of the meeting agenda. Following discussion and deliberation between the shareholders and the Board, the shareholders unanimously approved and ratified the following:
* To authorise the Board of Directors of the Bank to issue Additional Tier 1 sukuk for an aggregate face amount not exceeding USD1 billion (or equivalent thereof in any other currency) and to authorise the Board of Directors to determine and agree on the amount, offering mechanism,transaction structure and other terms and conditions of such issuance (provided that such issuance is subordinated, profit payments under the terms and conditions of such issuance are capable of being cancelled under certain circumstances and the terms and conditions also contain a point of non-viability provision), and subject in all cases to obtaining necessary approvals which may be required from the relevant competent regulatory authorities.

13. Special Resolution
The AGM secretary read Item Number (13) of the meeting agenda. Following discussion and deliberation between the shareholders and the Board, the shareholders unanimously approved and ratified the following:
* To authorize the Board of Directors of the Bank to issue Tier 2 sukuk for an  aggregate face amount not exceeding USD 1 billion (or equivalent thereof in any other currency) and to authorize the Board of Directors to determine and agree on the amount, offering mechanism, transaction structure and other terms andconditions of such issuance (provided that such issuance is subordinated and the terms and conditions also contain a point of non-viability provision), and subject in all cases to obtaining necessary approvals which may be required from the relevant competent regulatory authorities.

 
Last Date For Dividend EntitlementWednesday, March 13, 2019Ex-Dividend DateThursday, March 14, 2019
Register Closing (Settlement) DateSunday, March 17, 2019Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber of Commerce
1 File(s)
Meeting Date/TimeFeb 21, 2018 05:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss4,504 millionCash Dividend45
Bonus Share
Announcements/Resolutions

1. Approved the Board of Directors’ report in relation to the financial year ended 31/12/2017.

2. Approved the auditor’s report in relation to the financial year ended 31/12/2017.
3. Approved the Fatwa and Shari’a Supervisory Board report in relation to the Bank’s activities during the financial year ended 31/12/2017.
4. Approved the Bank’s Balance Sheet, profit and loss statement for the financial year ended 31/12/2017.

5. Approved Board of Directors’ recommendation in relation to cash dividend distribution of 45 (forty five) fils per share aggregating to an amount of AED 2.219 billion (UAE Dirham two billion two hundred and nineteen million).

6. Approved the Board of Directors’ recommendation on appointment of following members of the Fatwa and Shari’a Supervisory Board:

   (1) Dr. Hussein Hamid Hassan (Chairman)

   (2) Dr. Mohammad AbdulRahim Sultan Al Olama (Member)

   (3) Dr. Yousef Alshubaily (Member)

   (4) Dr. Mohammad Zoeir (Member and General Secretary)

   (5) Dr. Muhammad Qaseem (Member)

7. Approved to absolve the members of the Board of Directors from responsibilities for the financial year ended 31/12/2017.

8. Approved to absolve the external auditors from responsibilities for the financial year ended 31/12/2017.

9. Reappointment of M/s. KPMG Lower Gulf Limitedas auditors for the financial year 2018 and agreed on their fees.

10. Approved remuneration of the Board of Directors with respect to the financial year ended 31/12/2017.

11. Special Resolution:

The AGM secretary read Item Number (11) of the meeting agenda. Following discussion and deliberation between the shareholders and the Board, the shareholders unanimously approved and ratified the following:

(a) To increase paid up capital of the Bank up to the maximum amount of AED 1,647,396,295 (UAE Dirham One Billion, Six Hundred and Forty Seven Million, Three Hundred and Ninety Six Thousand and Two Hundred and Ninety Five) through issuance of up to maximum of 1,647,396,295 new shares at nominal value of AED 1 to be issued at a discount of 45% to the market price prevailing at the date of issuance of the new shares decided by the Board of Directors of the bank, subject to approval of the Securities and Commodities Authority and the Central Bank of UAE and other competent authorities.

(b) Each shareholder has a priority right entitling a maximum of one (1) new share for every three (3) shares held, so that the paid up capital of the Bank will increase from 4,942,188,884 (UAE Dirham Four Billion, Nine Hundred and Forty Two Million, One Hundred and Eighty Eight Thousand and Eight Hundred and Eighty Four) currently to the maximum of AED 6,589,585,179 (UAE Dirham Six Billion, Five Hundred and Eighty Nine Million, Five Hundred and Eighty Five Thousand and One Hundred and Seventy Nine) representing a maximum of AED 1,647,396,295.

(c) The increase in capital as per (a) above can be offered in one issuance up to the maximum of 1,647,396,295 shares and the amount, timing and details of such issuance to be determined by the Board of Directors of the Bank after obtaining the required approval from the relevant competent regulatory authorities.

(d) To authorize the Bank’s Board of Directors to undertake all necessary procedures and steps to duly implement the resolution stated herein in accordance with the applicable provision of Commercial Companies Law, and to delegate any or all its power in this regards to any of its members or to others.

12. Special Resolution:

Approved and ratified:

To authorize the Board of Directors of the Bank to issue any senior or subordinated sukuk and/or other similar instruments which are non-convertible into shares, whether under a programme or otherwise, for an amount not exceeding US Dollars 5 Billion (or the equivalent thereof in other currencies) and to authorize the Board of Directors to determine and agree on the timing of any such issuance, provided that this is undertaken in compliance with the provisions of the Commercial Companies Law and any regulations or guidelines issued by any governmental or regulatory authority pursuant to such law and after obtaining  approvals required from the relevant competent regulatory authorities.

13. Special Resolution:

Approved and ratified:

(a) Increase of the ceiling of non-convertible Shari’a compliant additional Tier 1 capital instruments in accordance with the principles of Shari’a by USD One Billion (or the equivalent thereof in other currencies) for the purpose of strengthening the Bank’s capital. The increase of USD One Billion Billion will take the total Tier 1 capital from USD Two Billion to USD Three Billion.

(b) The increase in Tier 1 capital as per (a) above can be offered either once or series of issuances up to the maximum of USD One Billion and the Board of Directors are authorized to take all necessary actions to determine the timing, amount, offering mechanism, transaction structure and other terms and conditions after obtaining all approvals required from the relevant competent regulatory authorities.


Last Date For Dividend EntitlementWednesday, February 28, 2018Ex-Dividend DateThursday, March 01, 2018
Register Closing (Settlement) DateSunday, March 04, 2018Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityDubai Financial MarketMeeting VenueMain Auditorium at Dubai Chamber, Dubai
2 File(s)
Meeting Date/TimeFeb 22, 2017 05:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss4,050 millionCash Dividend45
Bonus Share
Announcements/Resolutions

1. Approved the Board of Directors’ report in relation to the financial year ended 31/12/2016.

2. Approved the auditor’s report in relation to the financial year ended 31/12/2016.

3. Approved the Fatwa and Shari’a Supervisory Board report in relation to the Bank’s activities during the financial year ended 31/12/2016.

4. Approved the Bank’s Balance Sheet, profit and loss statement for the financial year ended 31/12/2016.

5. Approved Board of Directors’ recommendation in relation to cash dividend distribution of 45 fils per share aggregating to an amount of AED 2,219.4 million.

6. Ratified Board of Director’s resolution dated 27/04/2016 regarding the appointment of Mr. Javier Marin Romano as the Bank’s Board Director replacing Mr. Adan Mohamed until the end of the current term.

7. The following members were elected to the Bank’s Board of Directors to serve the new term (2017 – 2019):

H. E. Mohammad Ibrahim Al Shaibani  

Mr. Hamad Abdulla Rashed Al Shamsi

Mr. Yahya Saeed Ahmad Lootah

Mr. Abdulla Ali Obaid Al Hamli

Mr. Ahmad Mohammad Saeed Bin Humaidan

Mr. Abdulaziz Ahmed Al Mheiri

Mr. Abdulla Hamad Rahma Al Shamsi

Mr. Hamad Mubarak Buamim

Mr. Javier Marin Romano

8. Approved the Board of Directors’ recommendation on appointment of following members of the Fatwa and Shari’a Supervisory Board:

Dr. Hussein Hamid Hassan (Chairman)

Dr. Mohammad Abdul Rahim Sultan AlOlama (Member)

Dr. Yousef Alshubaily (Member)

Dr. Mohammad Zoeir (Member and General Secretary)

- Dr. Muhammad Qaseem (Member)

9. Approved to absolve the members of the Board of Directors from responsibilities for the financial year ended 31/12/2016.

10. Approved to absolve the external auditors from responsibilities for the financial year ended 31/12/2016.

11. Reappointment of M/s. KPMG Lower Gulf Limited as auditors for the financial year 2017 and agreed on their fees.

12. Approved remuneration of the Board of Directors with respect to the financial year ended 31/12/2016.

13. Special Resolution:

Approved and ratified:

  • To authorize the Board of Directors of the Bank to issue any senior or subordinated sukuk and/or other similar instruments non-convertible, whether under a programme or otherwise, for an amount not exceeding US Dollars 5 BILLION (or the equivalent thereof in other currencies) and to authorize the Board of Directors to determine and agree on the timing of any such issuance, provided that this is undertaken in compliance with the provisions of the UAE federal commercial companies law and any regulations or guidelines issued by any governmental or regulatory authority pursuant to such law and after obtaining all approvals required from the relevant competent regulatory authorities.

14. Special Resolution:

Approved and ratified:

Increase of the ceiling of non-convertible Shari’a compliant hybrid tier 1 capital instruments in accordance with the principles of Shari’a by USD ONE BILLION (or the equivalent thereof in other currencies) for the purpose of strengthening the Bank’s capital. The increase of USD ONE BILLION will take the total tier 1 capital from USD TWO BILLION to USD THREE BILLION.

The increase in Tier 1 capital as per (a) above can be offered either once or series of issuances up to the maximum of USD ONE BILLION and to authorize the Board of Directors to take all necessary actions to determine the timing, amount, offering mechanism, transaction structure and other terms and conditions and after obtaining all approvals required from the relevant competent regulatory authorities.

Last Date For Dividend EntitlementWednesday, March 01, 2017Ex-Dividend DateThursday, March 02, 2017
Register Closing (Settlement) DateSunday, March 05, 2017Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityDubai Financial MarketMeeting VenueMain Auditorium at Dubai Chamber of Commerce
1 File(s)
Meeting Date/TimeMar 01, 2016 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss3,839.3 millionCash Dividend45%
Bonus Share
Announcements/Resolutions

1. Approved the report of the Board of Directors on the Bank’s activities and its financial position, the report of the Fatwa and Sharia Supervisory Board and the auditor’s report for the financial year ended31/12/2015.

2. Approved the Bank’s Balance Sheet, profit and loss statement for the financial year ended 31/12/2015.

3. Approved the Board of Directors’ recommendation on distribution of 45% cash dividend to the shareholders in respect to the financial year 2015.

4. Approved the Board of Directors’ recommendation on appointment of following members of the Fatwa and Shari’a Supervisory Board:

  1. Dr. Hussein Hamid Hassan (Chairman)

  2. Dr. Mohammad Abdul Rahim Sultan AlOlama (Member)

  3. Dr. Yousef Alshubaily (Member)

  4. Dr. Mohammad Zoeir (Member and General Secretary)

  5. Dr. Muhammad Qaseem (Member)

5. Approved to absolve the members of the Board of Directors from responsibilities for the financial year ended 31/12/2015.

6. Approved to absolve the external auditors from responsibilities for the financial year ended 31/12/2015.

7. Reappointment of M/s. KPMG as auditors for the financial year 2016 and agreed on their fees.

8. Approved remuneration of the Board of Directors with respect to the financial year ended 31/12/2015.

9. Special Resolution:

Approved and ratified:

(a) the Board of Directors’ recommendation to increase the paid up capital of the Bank up to the maximum amount of AED 988,437,777 (Nine Hundred and Eighty Eight Million, Four Hundred and Thirty Seven Thousand and Seven Hundred and Seventy Seven) through the issuance up to the maximum of 988,437,777 new shares at nominal value of AED 1 to be issued at a discount to the market price at the time of issuance subject to approval of the Securities and Commodities Authority and the competent authorities on the method for determining the issuance price and to authorize the Bank’s Board of Directors to take all necessary actions to determine the amount, timing and details of the capital increase and to seek the required approval from the relevant competent regulatory authorities.

(b) Each shareholder has a priority right entitling a maximum of one (1) new share for every four (4) shares held, so that the paid up capital of the Bank will increase from AED 3,953,751,107 currently to the maximum of AED 4,942,188,884 (Four Billion, Nine Hundred and Forty Two Million, One Hundred and Eighty Eight Thousand and Eight Hundred and Eighty Four) representing a maximum increase of AED 988,437,777.

(c) The increase in capital as per (a) above can be offered either once or series of issuances up to the maximum of 988,437,777 shares and the amount, timing and details of each issuance to be determined by the Board of Directors of the Bank after obtaining the required approval from the relevant competent regulatory authorities.

(d) to adopt authorized capital of the bank amounting to AED 7,907,502,214 (Seven billion nine hundred and seven million and five hundred and two thousand and two hundred and fourteen ) being twice of paid up capital of AED 3,953,751,107.

(e) To authorize the Bank’s Board of Directors to undertake all necessary procedures and steps to duly implement the resolutions stated herein in accordance with the applicable provisions of Commercial Companies Law, and to delegate any or all its powers in this regard to any of its members or to others.  

(10) Special Resolution:

Approved and ratified:

(a) on increase of the ceiling of non-convertible Shari’a compliant hybrid tier 1capital instruments in accordance with the principles of Shari’a by USD 750 million (or the equivalent thereof in other currencies)   for the purpose of strengthening the Bank’s capital. The increase of USD 750 million will take the total tier 1 capital from USD 2.0 billion to USD 2.75 billion.

(b) on the increase in Tier 1 capital as per (a) above can be offered either once or series of issuances up to the maximum of USD 750 million. Authorize the Board of Directors to take all necessary actions to determine the timing, amount, offering mechanism, transaction structure and other terms and conditions and after obtaining all approvals required from the relevant competent regulatory authorities.

(11) Special Resolution:

Approved and ratified:

  • To authorize the Board of Directors of the Bank to issue any senior or subordinated sukuk and/or other similar instruments non-convertible, whether under a programme or otherwise, as the Board of Directors of the Bank deem fit, including determining and agreeing the timing and relevant terms of any such issuance, provided that this is undertaken in compliance with the provisions of the UAE federal commercial companies law and any regulations or guidelines issued by any governmental or regulatory authority pursuant to such law and after obtaining all approvals required from the relevant competent regulatory authorities.

(12) Special Resolution:

Approved and ratified:

  • The Board of Directors’ recommendation to amend the Memorandum and Articles of Association of the Bank in accordance with the Commercial Companies Law and the AGM’s resolutions with respect to the share capital increase, subject to approval of the competent authorities.

Last Date For Dividend EntitlementWednesday, March 09, 2016Ex-Dividend DateThursday, March 10, 2016
Register Closing (Settlement) DateSunday, March 13, 2016Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityDubai Financial MarketMeeting VenueMain Auditorium at Dubai Chamber of Commerce
1 File(s)
Meeting Date/TimeMar 01, 2015 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss2.804 BillionCash Dividend40%
Bonus Share
Announcements/Resolutions

1. Approved the report of the Board of Directors on the Bank’s activities and its financial position, the report of the Fatwa and Sharia Supervisory Board and the auditor’s report for the financial year ended 31/12/2014.

2. Approved the Bank’s Balance Sheet, income statement for the financial year ended 31/12/2014.

3. Reappointed M/s. KPMG as auditors for the financial year 2015 and agreed on their fees.

4. Approved the Board of Directors’ recommendation on distribution of 40% cash dividend to the shareholders in respect to the financial year 2014.

5. Absolved the members of the Board of Directors and the auditors from responsibilities for the financial year ended 31/12/2014.

6. Approved remuneration of the Board of Directors with respect to the financial year ended 31/12/2014.

Last Date For Dividend EntitlementMonday, March 09, 2015Ex-Dividend DateTuesday, March 10, 2015
Register Closing (Settlement) DateWednesday, March 11, 2015Trading Suspension Date
Trading Resuming DateDividends Payment DateWednesday, March 11, 2015
Payment EntityDubai Financial MarketMeeting VenueThe Main Auditorium at the Dubai Chamber of Commerce Head Office
1 File(s)
Meeting Date/TimeMar 02, 2014 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss1718029000Cash Dividend25%
Bonus Share
Announcements/Resolutions1. Approved the report of the Board of Directors on the Bank’s activities and its financial position, the report of the Fatwa and Sharia Supervisory Board and the auditors report for the financial year ended 31/12/2013.
2. Approved the Bank’s Balance Sheet, income statement for the financial year ended 31/12/2013.
3. Members of the Board of Directors for the period 2014 – 2017 were also elected:
- H. E. Mohammad Ibrahim Al Shaibani  (Chairman)
- Mr. Hamad Abdulla Al Shamsi (Member)
- Mr. Yahya Saeed Ahmad Lootah (Member)
- Mr. Abdulla Ali Obaid Al Hamli (Member)
- Mr. Ahmad Mohammad Saeed Bin Humaidan (Member)
- Mr. Abdulaziz Ahmed Al Muhairi (Member)
- Mr. Abdulla Hamad Al Shamsi (Member)
- H.E. Hamad Buamim (Member)
- Mr. Adan Mohammed (Member)
4. Appointed M/s. KPMG as auditors for the financial year 2014 and agreed on their remuneration.
5. Approved the Board of Directors’ recommendation on distribution of 25% cash dividend to the shareholders in respect to the financial year 2013.
6. Absolved the members of the Board of Directors and the auditors from responsibilities for the financial year ended 31/12/2013.
7. Approved remuneration of the Board of Directors with respect to the financial year ended 31/12/2013.
Last Date For Dividend EntitlementMonday, March 10, 2014Ex-Dividend DateTuesday, March 11, 2014
Register Closing (Settlement) DateWednesday, March 12, 2014Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityDubai Financial MarketMeeting VenueThe Main Auditorium at the Dubai Chamber of Commerce Head Office
1 File(s)
Meeting Date/TimeMar 20, 2012 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 1,056,415,000Cash Dividend12.5%
Bonus Share
Announcements/Resolutions- Approved Directors & Fatwa and legal supervision & Auditors reports for the year ended 31/12/2011 - Approved the financial statements for the year ended 31/12/2011 – Approved the cash dividends distribution of 12.5% - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2011 - Approved the re-appointment of the external auditors for the financial year 2012 - Approved the remuneration to Board of Directors for the year ended 31/12/2011 - Approved the appointment of a member in the Board of Director.
Last Date For Dividend Entitlement28/03/2012Ex-Dividend Date29/03/2012
Register Closing (Settlement) Date01/04/2012Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai World Trade Centre
Meeting Date/TimeMar 31, 2011 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 812,633,000Cash Dividend10%
Bonus Share
Announcements/Resolutions- Approved the report of the BOD , Fatwa and Sharia Supervisory & the auditor’s report for the year ended 31/12/2010 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2010 - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2010 – Approved to appoint auditors for the Financial Year 2011 - Approved the BOD remuneration - Approved the Election of nine Board of Directors for the year 2011 - Approved to distribute 10% cash dividend
Last Date For Dividend Entitlement06/ April /2011 Ex-Dividend Date07/ April /2011
Register Closing (Settlement) Date10/ April /2011 Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai World Trade Center
Top ShareholdersLast Refreshed at: 06 July 2020

Individual Investors

ShareholdersPercentage
INVESTMENT CORPORATION OF DUBAI 25.82%
مجموعه نور الاستثماريه ( ش .ذ.م.م) 8.60%
SAEED AHMAD NASSER LOOTAH 6.54%

  • 4 EN
    4

    Article of Association - 0001 (DIB - النظام الاساسي 2017)

Foreign Investments View all
As of Date:
07-07-2020
National GCC Foreign
Country of Origin Permitted Actual Available Permitted Actual Available Permitted Actual Available Allowed Foreigners?
AE 100% 86.11% 13.89% 0% % % 25% 13.89% 11.11% Yes
Showing Last 10 Corporate Governance Reports - DIB View all
No data could be found.
Showing Corporate Actions - DIB View all
Year2020Corporate Action Typecash dividends
Last Date For Action Entitlement23/03/2020Ex-Dividend Date24/03/2020
Register Closing (Settlement) Date25/03/2020Trading Suspension Date16/03/2020
Trading Resuming Date16/03/2020Run (Effective) Date16/03/2020
Corporate Action DetailsDistribute 35% cash dividends as agreed at the GA held on 15/3/2020
Year2019Corporate Action Typecash dividends
Last Date For Action Entitlement13/03/2019Ex-Dividend Date14/03/2019
Register Closing (Settlement) Date17/03/2019Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 35% cash dividends as agreed at the GA held on 7/3/2019
Year2018Corporate Action TypeCash dividends
Last Date For Action Entitlement28/02/2018Ex-Dividend Date01/03/2018
Register Closing (Settlement) Date04/03/2018Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 45% cash dividends as agreed at the GA held on 21/02/2018
Year2017Corporate Action TypeCash dividends
Last Date For Action Entitlement01/03/2017Ex-Dividend Date02/03/2017
Register Closing (Settlement) Date05/03/2017Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 45% cash dividends as agreed at the GA held on 22/02/2017
Year2016Corporate Action Typecash dividends
Last Date For Action Entitlement09/03/2016Ex-Dividend Date10/03/2016
Register Closing (Settlement) Date13/03/2016Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 45% cash dividends as agreed at the GA held on 01/03/2016
Year2015Corporate Action TypeCash Dividends
Last Date For Action Entitlement03/09/2015Ex-Dividend Date03/10/2015
Register Closing (Settlement) Date03/11/2015Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 40% cash dividends as agreed at the AGM held on 01/03/2015
Year2014Corporate Action TypeCash Dividends
Last Date For Action Entitlement10/03/2014Ex-Dividend Date11/03/2014
Register Closing (Settlement) Date12/03/2014Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 25% cash dividends as agreed at the AGM held on 02/03/2014
Year2013Corporate Action TypeCash Dividends
Last Date For Action Entitlement12/03/2013Ex-Dividend Date13/03/2013
Register Closing (Settlement) Date14/03/2013Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 15% cash dividends as agreed at the AGM held on 04/03/2013.
Year2012Corporate Action TypeCash Dividends
Last Date For Action Entitlement28/03/2012Ex-Dividend Date29/03/2012
Register Closing (Settlement) Date01/04/2012Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 12.5% cash dividends as agreed at the AGM held on 20/03/2012.
Year2011Corporate Action TypeCash Dividends
Last Date For Action Entitlement06/04/2011Ex-Dividend Date07/04/2011
Register Closing (Settlement) Date10/04/2011Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the AGM held on 31/03/2011
Year2010Corporate Action TypeCash Dividends
Last Date For Action Entitlement07/04/2010Ex-Dividend Date08/04/2010
Register Closing (Settlement) Date11/04/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 15% cash dividends as agreed at the AGM held on 31/03/2010.
Year2010Corporate Action TypeBonus Shares
Last Date For Action Entitlement07/04/2010Ex-Dividend Date08/04/2010
Register Closing (Settlement) Date11/04/2011Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date11/04/2010
Corporate Action DetailsIssue 05% bonus shares as agreed at the AGM held on 31/03/2010 leading the number of shares reaches 3,798,380,250
Year2009Corporate Action TypeCash Dividends
Last Date For Action Entitlement01/04/2009Ex-Dividend Date02/04/2009
Register Closing (Settlement) Date05/04/2009Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 25% cash dividends as agreed at the AGM held on 25/03/2009.
Year2009Corporate Action TypeBonus Shares
Last Date For Action Entitlement01/04/2009Ex-Dividend Date02/04/2009
Register Closing (Settlement) Date05/04/2009Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date06/04/2009
Corporate Action DetailsIssue 5% bonus shares as agreed at the AGM held on 25/3/2009 leading the number of shares reaches 3,617,670,000
Year2008Corporate Action TypeCash Dividends
Last Date For Action Entitlement17/03/2008Ex-Dividend Date18/03/2008
Register Closing (Settlement) Date19/03/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 40%. cash dividends as agreed at the AGM held on 9/03/2008.
Year2008Corporate Action TypeBonus Shares
Last Date For Action Entitlement17/03/2008Ex-Dividend Date18/03/2008
Register Closing (Settlement) Date19/03/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date18/03/2008
Corporate Action DetailsIssue 15% bonus shares as agreed at the AGM held on 9/03/2008 , leading the number of shares reaches 3,445,400,000.00
Year2007Corporate Action TypeBonus Shares
Last Date For Action Entitlement01/03/2007Ex-Dividend Date04/03/2007
Register Closing (Settlement) Date05/03/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date05/03/2007
Corporate Action DetailsIssue 7% bonus shares as agreed at the AGM held on 25/2/2007, leading the number of shares reaches 2,996,000,000.
Year2007Corporate Action TypeCash Dividends
Last Date For Action Entitlement01/03/2007Ex-Dividend Date04/03/2007
Register Closing (Settlement) Date05/03/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date05/03/2007
Corporate Action DetailsDistribute 35% cash dividends as agreed at the AGM held on 25/2/2007.
Year2006Corporate Action Type Bonus Shares
Last Date For Action Entitlement04/03/2006Ex-Dividend Date05/03/2006
Register Closing (Settlement) Date06/03/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribution of 20% bonus shares as AGM Decision on 25/2/2006
Year2006Corporate Action TypeCash Dividends
Last Date For Action Entitlement04/03/2006Ex-Dividend Date05/03/2006
Register Closing (Settlement) Date06/03/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribution of 20% cash dividends as AGM Decission on 25/2/2006
Year2006Corporate Action Type Capital Increase
Last Date For Action Entitlement21/02/2006Ex-Dividend Date22/02/2006
Register Closing (Settlement) Date23/02/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsBOD Decision on 22/1/2006 with a premium of AED 2 a share by 66.7 %
Year2006Corporate Action TypeBonus Shares
Last Date For Action Entitlement04/03/2006Ex-Dividend Date05/03/2006
Register Closing (Settlement) Date06/03/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date06/03/2006
Corporate Action DetailsIssue bonus shares in the ratio of (20%) activated as agreed at the Annual General Meeting held on 25/02/2006. Number of shares becomes 1,800,000,000.
Year2005Corporate Action TypeCash Dividends
Last Date For Action Entitlement18/02/2005Ex-Dividend Date01/03/2005
Register Closing (Settlement) Date02/03/2005Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribution of 20% cash dividends as AGM decission on 26/2/2005
Year2005Corporate Action Type Stock Split
Last Date For Action Entitlement07/08/2005Ex-Dividend Date08/08/2005
Register Closing (Settlement) Date09/08/2005Trading Suspension DateNot Available
Trading Resuming Date10/08/2005Run (Effective) Date09/08/2005
Corporate Action DetailsStock Split in the ratio of ten shares for every one share held is activated as agreed at the Extraordinary Meeting held on 12/07/2005. Change of par value to AED 1 from AED10. Number of issued shares becomes 1,500,000,000
Year2004Corporate Action TypeCapital Increase
Last Date For Action Entitlement14/09/2004Ex-Dividend Date15/09/2004
Register Closing (Settlement) Date16/09/2004Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date18/09/2004
Corporate Action DetailsEGM decission dated 26/6/2004, with a premium of AED 10 per share.

Disclaimer
  • Ownership percentage is subject to change based on several reasons including the following:
    1. Trading activity.
    2. Off-Market Transactions such as family and inheritance transfers.
    3. Changes in the nationality status of investors.
    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
    5. Capital increase by issuing new shares to a strategic investor.
    6. Converting Bonds into shares.
    7. Equity added to the equity of the associated group.
    8. Direct Deals.
  • Percentages for the columns of Actual and Available are updated every two minutes during trading hours and every one hour after trading hours to reflect changes not associated with trading (if any).

Definitions:
 Nationals:

Investors who hold the same nationality as the “Country of Origin” of the symbol.

 GCC:

Investors who hold a GCC nationality, excluding investors from the “Country of Origin” of the symbol.

 Foreigners: All other nationalities.
Note: For companies where GCC Permitted ownership limit is Not Applicable (NA), the ownership of GCC citizens will show in the ownership columns of Foreigners.
 Permitted: The maximum percentage of ownership allowed by the Company for the investors group.
 Actual: The owned quantity, unsettled trades. It also includes open buy orders between 8:00 AM and 3:00 PM.
 Available: Percentage available to own or allowed to trade (Permitted – Actual).

Disclaimer
The above published Ownership Percentages:
  • Are updated daily at the end of every trading day based on date of trade and not settlement date.

  • The ownership percentages are rounded off to 2 decimal places

  • Ownership percentages are subject to change due to the following:

    1. Trading activities.

    2. Off-Market Transactions such as family and inheritance transfers.

    3. Changes in the nationality status of investors.

    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

    5. Capital increases, by issuing new shares to Strategic investor

    6. Converting bonds or Sukuk into shares.

    7. Changes of associated group’s ownership.

    8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

    9. Failed trade settlement.


DISCLAIMER

The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


DISCLAIMER

Dubai Financial Market herein after referred to as DFM attempts to ensure data and content on the Website is accurate, there is no charge for provision of data and DFM can only devote limited resources to the Website and any data. Content is only made available "AS IS" and on an "AS AVAILABLE" basis and may not always be accurate or up to date. Content may or may not have been prepared by DFM but is made available without responsibility on the part of DFM. DFM does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the Website or any of the content. No responsibility is accepted by or on behalf of DFM for any errors, omissions, or inaccurate content.