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Dubai’s Mashreq approves $490mln dividend after profit nearly quadruples
The shareholders of Dubai’s Mashreq have approved a recommendation to distribute a cash dividend worth 1.8 billion UAE Dirhams ($490 million) for the financial year ended December 31, 2022 The lender is expected to pay 9 UAE Dirhams per share, representing 90% of Mashreq’s paid-up capital, according to a disclosure…
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