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Fujairah / WAM
The National Bank of Fujairah (NBF) approved the distribution of profits of 13.5 percent of paid-up capital in the form of cash dividends of 10 percent (AED 185 million) and bonus shares of 3.5 percent (AED64.8 million) of paid-up capital.
During its Annual General Assembly Meeting on Wednesday, shareholders also approved the Chairman’s and Directors’ Reports, and the Internal Shari’a Supervisory Committee report for NBF Islamic, the Islamic banking window of NBF.
In addition, National Bank of Fujairah’s Corporate Governance Report and the consolidated financial statements for the year ended December 31, 2019, were discussed and approved.
The shareholders confirmed appointment, remuneration of bank’s new external auditors, Ernst and Young, and Internal Shari’a Committee members for NBF Islamic for 2020.