Emirates Islamic holds annual meeting

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Dubai—Emirates Islamic held its Annual General Meeting (AGM) in Dubai. Hesham Abdulla Al Qassim, Chairman of Emirates Islamic presented a review of the financial year ended 31 December, 2015. Commenting on the bank’s performance in 2015, Al Qassim said, “I am proud to announce that the Bank has recorded another year of record-breaking success, emerging as one of the fastest growing banks in the UAE. Despite challenging market conditions, Emirates Islamic achieved a net profit of AED 641 million, a 76 per cent year-on-year increase.” The AGM reviewed and approved the Board of Directors’ report on the bank’s activities and its financial position as at 31 December 2015, and reviewed and approved the bank’s auditors’ report on the bank’s activities.—Agencies