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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.
National Bank of Fujairah (NBF) reported strong growth in profit in the first half of 2018, supported by sustained gains in its core banking business, and is expected to maintain the growth momentum
National Bank of Fujairah (NBF) on Tuesday reported a net profit of Dh310.2 million for the first half of 2018, up 10.4 per cent compared to the same period last year.
NBF posted a net prof
The National Bank of Fujairah, which counts the emirate's government and Investment Corporation of Dubai among its shareholders, plans to set up a debt programme and regularly tap international capit
Bank Nizwa, represented by two of its Board Members, Sami Al Dhugishi and Ishaq Al Maouli along with Chief Executive Officer, Khalid Al Kayed, participated in the 2nd Islamic Financial Services Board
Times of Oman
The sharp decline of the Turkish lira in recent weeks has triggered speculation in banking circles that Emirates NBD stands a chance to renegotiate its deal to acquire Denizbank as the valuation has
Abu Dhabi-listed Eshraq Properties reported a first-half net profit of Dh14.8 million, compared to a loss of Dh0.32 million in the first half of 2017. The property firm said in a press statement that
Damac Properties has signed a landmark agreement with Radisson Hotel Group (RHG) to develop and launch the ‘Radisson Hotel, Dubai Damac Hills’, its first, newly launched Radisson-branded property wor
The Gulf Today
Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) has reported that net profit for the six months ended June 30, 2018, increased by 18 per cent to Dh1.124 billion ($306 million) co