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U.A.E. Central Bank Lifts Dividend Restrictions, Khaleej Says

The central bank of the United Arab Emirates lifted restrictions on cash dividend, Al-Khaleej reported, without saying where it obtained the information.

The regulator approved distributions that exceeded 50 percent of 2011 profit, it said.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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