Press releases, Reports & Disclosures for First Abu Dhabi Bank

First Abu Dhabi Bank (FAB) shareholders approved all items on the agenda, including a cash dividend of 71 fils per share, totaling AED 7.8 billion, at the Annual General Meeting (AGM). This marks the highest cash dividend payout since 2020. The bank's robust performance in 2023 was highlighted, and the AGM also emphasized FAB's strong platform for future growth. The bank's strategic direction was also outlined, with the aim to enhance FAB's position as a driver of economic and financial progress in the UAE, and to become a global financial powerhouse. The AGM also approved the Board of Directors report, the external auditors report, and the Internal Shari’ah Supervision Committee annual reports for FY 2023.

First Abu Dhabi Bank P.J.S.C has invited its shareholders to attend the annual general meeting on 5th March 2024, at the bank's headquarters in Abu Dhabi. The meeting will also be accessible virtually via an electronic link sent to shareholders. The agenda includes discussion and approval of the bank's activities and financial statements for the financial year ending 31/12/2023, the external auditors' report, internal Shari’ah Supervision Committee annual report, and the bank's balance sheet and profit and loss statement. The board will also propose provisions and reserves, and the distribution of profits. Other items include board remuneration, discharge of board members and auditors, appointment of auditors and ISSC members for 2024, and the issuance of bonds or Islamic sukuk. Shareholders must register their attendance electronically to vote. The meeting will be recorded and shareholders are entitled to discuss agenda items and ask questions.