National Bank of Fujairah approves 15% dividend

Dubai

National Bank of Fujairah said on Sunday its shareholders approved 15 per cent dividend distribution at the Annual General Assembly Meeting.

This took the form of cash dividends of 7.5 per cent or Dh102.5 million and bonus shares of 7.5 per cent or Dh102.5 million of paid-up capital.

The shareholders confirmed the appointment and remuneration of the bank’s external auditors and Sharia supervisory board members for NBF Islamic for 2018. The Board of Directors’ remuneration proposal of 0.64 per cent of the net profit, after deducting all depreciation and reserves, for its members was also approved, the statement added.

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