United Arab Bank’s profit up 33.6%

Abu Dhabi-listed United Arab Bank said on Wednesday it made Dh211.35 million ($57.53 million) in 2007, up 33.6 per cent from the previous year.

The Sharjah-based lender planned to give investors an 11 per cent cash dividend and pay 12 per cent in bonus shares, it said in a statement on the Abu Dhabi bourse website.

Commercial Bank of Qatar bought 34.7 per cent of United Arab last year. (Reuters)