Abu Dhabi - Mubasher: The National Bank of Fujairah’s (NBF) shareholders approved the distribution of profits equivalent to 20% (AED 516.10 million) of share capital in the form of cash dividends.
The annual general meeting (AGM) confirmed the appointment and remuneration of the bank’s external auditors, PricewaterhouseCoopers (PwC), for 2026, according to a press release.
Furthermore, the shareholders approved the issuance of non-convertible additional tier 1 (AT1) capital securities of $350 million (AED 1.28 billion) for the purpose of strengthening the bank’s capital base.
Hence, they authorized the board to take all necessary actions to determine the timing, amount, offering mechanism, transaction structure, and other terms and conditions after obtaining required approvals.
Raja Easa Al Gurg, Deputy Chairperson, said: "NBF made another extraordinary step forward in 2025, as we once again delivered a performance that reflects not only our strategic discipline but also the enduring resilience of our franchise."
Al Gurg added: “Looking ahead to 2026, we remain committed to focusing on our customers’ needs in an evolving operating environment, with confidence in our ability to deliver sustained growth and stronger returns."
The ADX-listed lender surpassed the AED 1.20 billion net profit milestone for the first time in its history at the end of 2025.
