Annual Report 2003 of Mashreq Bank

It is a broadly described annual report of Mashreq Bank in the year of 2003. During the financial year, Total Assets of the Bank reached a new height of AED 26.2 Billion. The share capital of the Bank stood at AED 715,864 Billion. The Bank’s Income before taxes and minority interest AED 638,456 Million. The Net Profit registered a robust growth of 19% and reached AED 600.6 Million. Earnings per share improved from AED 7.05 to AED 8.39. Return on Average Assets improved from 2.18% to 2.4% and Return on Average Equity (excluding cash dividends) remained at a healthy 17%. The authorized share capital of the Bank is AED 1,500 million and was divided into 15,000,000 ordinary shares of AED 100 each. As of 31st December 2003, 71,586,380 ordinary shares of AED 10/- each (2002: 7,158,638 ordinary shares of AED 100 each) were issued and fully paid up.

The Board of Directors of the Bank has recommended a total distribution of @35% in the form of a cash dividend of @25% (against @30% last year) and issuance of bonus shares at 10% i.e. 1 share for each 10 held (against nil last year.)

More Annual Report of Mashreq Bank:

  1. Annual Report 2001 of Mashreq Bank
  2. Annual Report 2002 of Mashreq Bank
  3. Annual Report 2003 of Mashreq Bank
  4. Annual Report 2004 of Mashreq Bank
  5. Annual Report 2005 of Mashreq Bank
  6. Annual Report 2006 of Mashreq Bank
  7. Annual Report 2007 of Mashreq Bank
  8. Annual Report 2008 of Mashreq Bank
  9. Annual Report 2009 of Mashreq Bank
  10. Annual Report 2010 of Mashreq Bank
  11. Annual Report 2011 of Mashreq Bank
  12. Annual Report 2012 of Mashreq Bank
  13. Annual Report 2013 of Mashreq Bank
  14. Annual Report 2014 of Mashreq Bank
  15. Annual Report 2015 of Mashreq Bank
  16. Annual Report 2016 of Mashreq Bank
  17. Annual Report 2017 of Mashreq Bank