Banking & Finance First Abu Dhabi Bank to pay highest-ever dividend By Pramod Kumar March 12, 2025, 10:33 AM Wam First Abu Dhabi Bank will pay AED8.3 billion ($2.3 billion) in cash dividends for 2024 First Abu Dhabi Bank (FAB), the biggest lender by assets in the UAE, has announced the highest-ever cash dividend on higher annual revenues in 2024, the company said in a statement. The lender will pay AED8.3 billion ($2.3 billion) in cash dividends for 2024, at 75 fils per share, equivalent to 51 percent of group net profit. In 2023, FAB paid AED7.8 billion in dividends, or AED 0.71 per share. Net profit for 2024 rose 7 percent year on year to AED17 billion, while revenue jumped 15 percent year-on-year to AED31.6 billion. Mashreq and First Abu Dhabi winning bank efficiency race Asset securitisation in the Gulf takes its first baby steps Currency woes underpin Mena preference for stablecoin FAB is planning to split its operations into four new divisions after a string of senior management departures, according to reports earlier this month. The stock, which trades on the Abu Dhabi stock exchange, closed marginally lower at AED14.24 on Tuesday. The stock is up nearly 4 percent in the past 12 months.
