Abu Dhabi – Mubasher: The National Bank of Fujairah’s (NBF) board has recommended an overall distribution of 15% as cash dividends and bonus shares for the fiscal year 2016.
The board proposed a payout of 7.5% cash dividends or 7.5 fils per share as well as 7.5% bonus shares, according to a bourse filing issued on Wednesday.
The cash dividends will have a total value of AED 95.34 million, according to Mubasher’s data.
NBF has posted a decline of 18% in profits to AED 460 billion during the fiscal year 2016 as compared to AED 558.8 billion in the previous fiscal year.
