Abu Dhabi – Mubasher: The National Bank of Umm Al Qaiwain (NBQ) said its board approved 10% dividends or 10 fils per share for fiscal year 2016, according to a bourse statement.
Total approved dividends amount to AED 184.8 million for FY16.
The company’s board did not discuss the capital increase by 8.23%, through offering new shares in a rights issue at a nominal value of AED 1 per share, following the Central Bank of the UAE’s refusal regarding this issue.
