National Bank of Fujairah held its annual general meeting, and in a statement, we obtained a copy of it, the shareholders approved 20% dividend of the paid-up capital, in the form of Dividend yield of 7.5% (valued at 123.3 million dirhams) and bonus shares of 12.5% ​​(valued at 205.6 million dirhams) of paid up capital.

The meeting also included the announcement of the best annual performance of National Bank of Fujairah, where in 2018 the bank achieved the highest operating profit of 1.1 billion dirhams, an increase of 15.2% compared to profits For the year 2017, amounting to 913.6 million dirhams.

The shareholders also approved the appointment and determination of the fees for the new external bank auditors, Ernst and Young, and approved the appointment of the Internal Shari'a Supervisory Committee of the Islamic NBF for a year. 2019, and the Board of Directors' proposal regarding the remuneration of the Board of Directors members by 0.8% of the net profits, after all deductions and reserves have been approved.

Through a special decision, the shareholders considered and approved the increase in the ceiling on the first tier of the additional non-convertible equity securities of US $ 500 million in order to enhance The bank's capital base, with the first tier of the capital reaching $ 636.1 million.

Namazon Services ... Programmed Technical Analysis Platform ... for Emirati Shares Saudi Arabia, and global markets

With your support we continue ... to provide valuable content and smart solutions for investors, to discover opportunities in the local and global markets

To more:

Air Arabia concludes its annual meeting