NBF approves dividend for 2022 – GulfToday – Gulf Today

NBF approves dividend for 2022 – GulfToday – Gulf Today

National Bank of Fujairah officials during its annual general assembly meeting.

The National Bank of Fujairah (NBF) held its Annual General Assembly Meeting (AGM), where shareholders approved the distribution of profits of 6 per cent of the paid-up capital by way of bonus shares (Dhs120 million).

The bank’s shareholders also approved the Chairman’s and Directors’ Reports, and the Internal Shari’ah Supervision Committee Report for NBF Islamic, the Islamic banking window of NBF.

They also discussed and approved the bank’s Corporate Governance Report and the consolidated financial statements for the year ended Dec.31, 2022. The shareholders confirmed the appointment and remuneration of the bank’s external auditors, PricewaterhouseCoopers (PwC) for 2023. The Board of Directors’ remuneration proposal of 1.6 per cent of the net profit, after deducting all depreciation and reserves, for its members was also approved.

Additionally, the bank’s Board of Directors were elected for the next three years. A