First Abu Dhabi Bank announced that shareholders at General Assembly Meeting held on 24 February 2020 approved cash the distribution of 74% cash dividends (AED 0.74 per share, implying total cash dividends of AED 8.08 Billion) for the financial year ended 31 December 2019. Owners of FAB shares registered on March 5, 2020 (that is buyers on March 3, 2020) are entitled to cash dividends.

The company announced that at the meeting H.E. Abdulhamid Saeed takes a seat on the company's board, André Sayegh nominated as Group Chief Executive Officer and new board members appointed on three-year terms are H.E. Jassim Mohammed Buatabh Al Zaabi, H.E. Dr. Sultan Ahmed Al Jaber, and H.E. Waleed Al Mokarrab Al Muhairi.FAB has increased the size of its board from 9 to 11 members. This follows the election of the new board for a period of three years: H.H. Sheikh Tahnoon Bin Zayed Al Nahyan, H.E. Sheikh Mohamad Bin Saif Bin Mohamad Al Nahyan, H.E. Jassim Mohammed Buatabh Al Zaabi (new), H.E. Dr. Sultan Ahmed Al Jaber (new), H.E. Sheikh Ahmed Mohd Sultan Al Dhahiri, H.E. Jassim Mohammed AlSeddiqi, H.E. Khalifa Sultan Al Suwaidi, H.E. Mohamed Thani Murshid Al Rumaithi, H.E. Mohammed Saif Al Suwaidi, H.E. Waleed Al Mokarrab Al Muhairi (new). H.E. Abdulhamid Saeed (new). Having completed their current term, two members will also be leaving the board are H.E. Khaldoon Khalifa Al Mubarak and H.E Nasser Ahmed Khalifa Ahmed Alsowaidi. André Sayegh, current Deputy Group CEO and Group Head of Corporate & Investment Banking at FAB, has been nominated as the new Group Chief Executive, subject to final UAE Central Bank approval. He will succeed H.E. Abdulhamid Saeed, who has been elected to the board where he will continue to play a central role in overseeing the bank's growth strategy.