Abu Dhabi-Mubasher: National Bank of Umm Al Qaiwain (NBQ) reported a 267% profit surge to AED 53 million ($14.43 million) in the fourth quarter of 2015, compared to AED 26.4 million ($7.2 million) in the same quarter of 2014, according to a bourse filing on Wednesday.
In the fiscal year 2015, profits jumped 74% to AED 542.8 million ($148 million) from AED 312.8 million ($85.16 million) in the fiscal year 2014.
The board recommended 17% cash dividends or 17 fils per share payout for the fiscal year 2015, totalling AED 314 million.
The company’s annual general meeting will be held on 6 March.
