DIB approves 20pc dividend

The meeting approved a 20 per cent dividend for shareholders. A new board of directors was also elected at the AGM to supervise and run the operations of the bank during the next three years. The general assembly reviewed a report forwarded by the Fatwa and Sharia Department regarding the bank's operations during the previous financial year. Dr Mohamed Khalfan bin Khirbash, UAE Minister of State for Finance and Industry and Chairman of DIB, said: "Dubai Islamic Bank achieved record financial results in 2004, marking the year as a significant milestone in its journey."

DIB's board of directors include Mohamed Khalfan bin Kharbash, Saleh Saeed Lootah, Butti Saeed Al Kindi, Abdulla Naser Al Mansouri, Abdulla Hamad Al Shamsi, Sultan Ahmed Al Ghaith, Khaled Mohammed Al Kimdah, Sultan Saeed Al Mansouri and Merza Hassan Al Sayeg.