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31 October 2024

Dubai bank Mashreq proposes 40% cash dividend for 2015

Published
By Reuters

Mashreq, Dubai's third-biggest bank by assets, said on Thursday its board had proposed a 40 percent cash dividend for 2015.

The payout would be the same as the proposed cash dividend for the previous year.

The bank last week posted a 13.7 per cent fall in fourth-quarter net profit.