Abu Dhabi – Mubasher: National Bank of Fujairah’s board of directors proposed the distribution of cash dividends and bonus shares at 15% for FY15, which is the same rate previously approved for FY14, according to a bourse filing posted Wednesday.
The board recommended the distribution of cash dividend at AED 88.7 million, or 7.5% of paid-in capital, as well as bonus shares at 7.5% of paid-in capital that amounts to AED 1.182 billion.
The Abu Dhabi-listed lender posted today AED 559 million ($152.11 million) net profit for FY15, up from AED 505.4 million ($137.569 million) a year earlier.
