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First Gulf Bank (FGB) Pre-Merger Dividends

Year No. of shares issued ('000) Cash Dividends1 (AED '000) Cash Dividend (% of Capital) Bonus Shares ('000) Bonus Shares (% of Capital) Dividend Payout Ratio2 Dividend Yield3
2016 4,500,000 4,500,000 100% - - 77% 7.8%
2015 4,500,000 4,500,000 100% - - 77% 7.9%
2014 3,900,000 3,900,000 100% 600,000 15% 71% 5.9%
2013 3,000,000 3,900,000 100% 900,000 30% 66% 5.3%
2012 3,000,000 2,500,000 83% - - 64% 7.2%
2011 1,500,000 1,500,000 100% 1,500,000 100% 43% 6.5%
2010* 1,375,000 900,000 60% 75,000 5% 28% 3.3%
2009 1,375,000 677,000 49% - - 21% 3.1%
2008 1,375,000 477,400 35% - - 16% 3.8%
2007 1,250,000 250,000 20% 125,000 10% 12% 0.9%
2006 1,250,000 875,000 70% - - 57% 5.7%
2005 1,000,000 250,000 25% 250,000 25% 24% 1.0%

* Cash dividends of 60fils was based on 1,500 million shares (issued shares of 1,375 million + 125 million shares resulting from conversion of mandatory convertible bonds prior to dividend record date); Bonus shares totalling to 75 million were distributed to shareholders from the treasury shares held by the bank through its buyback program.



  1. Based on number of shares issued as of 31 December of the relevant financial year; does not factor in change in number of shares post year-end
  2. Payout ratio is based on Net Profit Attributable to Equity holders after deduction of interest on Tier 1 capital notes (on accrual basis)
  3. Dividend yield is based on closing price as of 31 December of last traded day of the relevant financial year