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UAE banks propose $5.1bn of dividends

Dividends of Dhs18.7bn ($5.1bn) have been proposed by 18 listed UAE banks – up 12.2 per cent on the previous year. The rise in dividend distribution follows the growth in net profits to Dhs42bn ($11.4bn) in 2018, said state news agency WAM citing statistics from the Abu Dhabi Securities Exchange…

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