Abu Dhabi Commercial Bank

The Abu Dhabi Commercial Bank PJSC is set to hold its 40th Annual General Meeting on March 7, 2024. More information can be found on their website.

The Abu Dhabi Commercial Bank has invited its shareholders to attend the 40th Annual General Assembly Meeting on 7th March 2024, 5:00 pm at the ADCB Head Office Building. The meeting can be attended physically or remotely, with online registration opening on 6th March 2024. If a quorum is not met, a second meeting will be held on 18th March 2024. The agenda includes approval of the bank's 2023 activities and financial statements, reports of external auditors, re-appointment of the Internal Sharia Supervisory Committee, approval of the audited balance sheet, and a proposal to distribute cash dividends of 0.56 AED per share. The meeting will also discuss amendments to the Articles of Association and the renewal of debt issuance programs. Shareholders can register and vote on resolutions through the bank's website. The meeting will be valid if attended by shareholders or their representatives holding not less than 50% of the bank's issued share capital.

Abu Dhabi Commercial Bank (ADCB) is inviting shareholders to its 40th Annual General Assembly Meeting on 7th March 2024. The meeting will be held both physically and remotely, with online registration opening on 6th March 2024. If the meeting lacks a quorum, it will be rescheduled for 18th March 2024. The agenda includes approving the Bank’s financial statements and activities for the year ended 31/12/2023, re-appointing members of the Internal Sharia Supervisory Committee, and considering a proposal to distribute cash dividends of 0.56 AED per share. The meeting will also discuss the renewal of the Bank’s debt issuance programs and amendments to the Articles of Association. Shareholders can register to attend and vote on resolutions online.

The audited consolidated financial statements of Abu Dhabi Commercial Bank PJSC for the year ended December 31, 2023, are awaiting approval by the Central Bank of the United Arab Emirates (CBUAE) and shareholders at the Annual General Meeting.

The letter is from Abu Dhabi Commercial Bank (ADCB) to the Disclosures and Compliance Section of the Abu Dhabi Securities Exchange. It details the results of a Board of Directors meeting held on 31st January 2024. The board approved the Annual Financial Results for 2023, set the date of the Annual General Assembly to be on 7th March 2024, proposed a cash dividend distribution to shareholders for 2023 at AED 0.56 per share, amounting to AED 4.099 billion, equivalent to 50% of the net profit, and discussed other general matters. The letter also ensures continued cooperation from ADCB. A copy of the letter was forwarded to HE. Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority (SCA).