Abu Dhabi Bank’s first shareholders approve the distribution of cash dividends worth 8.3 billion dirhams

Today, Abu Dhabi Bank held the annual meeting of its public association at its headquarters in Abu Dhabi, where all the provisions of the agenda were reviewed and approved, including approval of cash dividends with a total of 8.3 billion AED for the fiscal year ending December 31, 2024 (75 fils per share). The profit distributions are due to the bank’s shareholders registered on March 21, 2025 (that is, buyers before March 19, 2025).
In addition to agreeing to profit distributions, the meeting drew attention to the growth that the bank has witnessed over the past years and the increase it achieved in revenue and net profits, in a sign of its continuous progress and the success of its strategy aimed at strengthening its position as the World Bank of the United Arab Emirates.
Abu Dhabi Bank’s first profits rose 13% before the tax on an annual basis, to reach 19.9 billion dirhams, driven by the high level of customer activity, the size of strong business, the diversity of income sources and the promotion of operational competencies. This strong performance establishes the bank’s position and supports it in continuing to achieve success and growth and enhance its capabilities to benefit from market opportunities and provide sustainable value to its shareholders.
The bank has made a remarkable progress in expanding its global presence across 20 markets, enhancing its relations with customers in the main economic markets, and this expansion contributed to the growth of customer and loans deposits, and the doubling of revenues in the Gulf Cooperation Council countries region, North Africa, Asia, Europe and the Americas. To complete this geographical growth, the first Abu Dhabi Bank invested strategically in cadres, technological systems and innovative technologies, maintaining its disciplined approach to risk management.
The first Abu Dhabi Bank launched the “Innovation Center in Artificial Intelligence for Financial Services” in partnership with Microsoft in 2024, to accelerate the adoption of the capabilities of artificial intelligence in the field of banking services by establishing major partnerships with global pioneers in the field of artificial intelligence, including “Microsoft”, “G42” and “Brisite”. The bank’s digital activities recorded a clear growth, as digital transactions increased by 46% and more than 96% of current requests were processed.
Commenting on this data, His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of the Board of Directors of Abu Dhabi Bank Group, said: “The first performance of Abu Dhabi Bank in 2024 is the culmination of the march of successive years of growth in business volume and increased profitability, and a reflection of the success of the group’s strategy of consolidating the bank’s position globally. Thanks to the stimulating economic climate, Abu Dhabi Bank achieved strong results last year, Supported to increase the volume of business, expand sectors and provide innovative services, which contributed to strengthening the state’s position as a major center for money and business and at the same time embodied the vision of good leadership, which aims to create an international and integrated business environment.
His Highness Sheikh Tahnoun bin Zayed Al Nahyan concluded by saying: “The first competitive advantages of Abu Dhabi Bank and its ability to support growth and investment plans, in addition to his international network that links customers to wide sources of trade flows in the country, strengthened his presence, leadership and transformed by a major player in the local banking and investment market to a global financial power that contributes to supporting investment and trade at the region and the world.”
For its part, Hana Al -Rostamani, CEO of Abu Dhabi Group I said: “With continued growth and expansion at the region level, we have exceptional and large opportunities to link the UAE and the Middle East region with other countries of the world. As the World Bank of the UAE, our strategy aims to help our customers to achieve the utmost benefit from these opportunities in all the markets in which we are practicing our activities.”
Al -Rostamani highlighted the strong results that the bank achieved during the year 2024, saying: “Our net profit reached 17.1 billion dirhams, while our revenues amounted to 31.6 billion dirhams, with a growth rate of 15% compared to 2023. The profits increased before the tax was held by 13% to 19.9 billion dirhams. We continued to provide more value to our customers in line with our goals. The strategy as the World Bank of the UAE.
Al -Rostamani concluded, “The bank’s strong public budget, its strong capital base, high -quality assets, and the management of effective risks, all contribute to consolidating the first place of Abu Dhabi Bank as a reliable financial institution capable of achieving sustainable growth that meets the aspirations of customers and shareholders alike. And while we look forward to the future, we will continue to invest in technology, artificial intelligence and innovation to improve efficiency, Providing smart and innovative services, and raising the bank’s competitiveness to achieve this goal. We will also double our efforts to achieve strong and sustainable growth and ensure an increase in the tangible property rights in line with the group’s goals by maintaining this percentage at more than 16% in the medium term.
In addition to approving the report of the Board of Directors and the report of the accounting monitors and the annual reports of the internal Sharia Supervision Committee for the fiscal year 2024, the agenda of the General Assembly meeting included notifications regarding Zakat due for the year 2024, approval of the bank’s public budget and the profit and loss account for 2024, and the appointment of auditors and members of the internal Sharia Supervision Committee for the year 2025.