- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:57 06:11 12:27 15:53 18:37 19:51
National Bank of Abu Dhabi (NBAD) shareholders approved on Sunday plans to sell Dh1.39 billion ($378.4 million) worth of convertible bonds.
The bonds can be exchanged for 55.8 million shares.
The shareholders also approved a 40 per cent cash dividend and 20 per cent bonus shares.
NBAD posted its second-biggest profit ever in the fourth-quarter, beating analysts forecasts, on stock market-related income and said it planned to expand in the Middle East, Africa and Asia. (Reuters) |
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