Abu Dhabi – Mubasher: National Bank of Fujairah’s (NBF) board on Monday recommended the distribution of 15% of its capital in cash dividends and bonus shares.
The board proposed cash dividends equal 7.5% of the bank’s capital or AED 102.5 million, in addition to 7.5% bonus shares to increase the NBF’s capital to AED 1.469 billion, according to a filing to the Abu Dhabi Securities Exchange (ADX).
The ADX-listed bank reported a 1.5% increase in net profit during the fourth quarter of 2017 and a 2.5% decline in net profits in the previous year.
