Press releases, Reports & Disclosures for First Abu Dhabi Bank

The text refers to the condensed consolidated interim financial information for FAB for the first quarter of 2024, which covers the three-month period ending on March 31, 2024.

The text provided is a heading for a management discussion and analysis report for the first quarter ending on 31 March 2024. This report is likely to contain a detailed review of a company's financial performance, operational activities, and potential future strategies.

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.