The conglomerate said the rationale behind the buyback is driven by its robust financial standing, characterised by significant cash flow and a strong balance sheet
The group’s shareholders approved the board’s recommendation to distribute the dividend in April 2023
We envision e&’s transformation as a long-term journey with accelerated growth, as we progress across all our business verticals
It’s not just about leadership or commercial acumen, there’s much more to it than that
This has brought the total annual dividend to Dhs0.8 per share
The bank’s operating profit for nine months of the year rose by 14.3 per cent to Dhs2.4bn
This is the first payment in what is expected to be a full-year 2021 dividend payment of Dhs2.57bn
The merger is expected to complete before the end of this year
Damac traded below the Dhs1.3 per share offer price on Wednesday
The Kuwait Banking Association said in June that there would be no distribution of dividends to shareholders for 2020
The decision reversed efforts sought by a minority group of shareholders to restructure and save the company from liquidation
The new bank will have total assets of more than $220bn, creating the Gulf region’s third-largest lender