National Bank of Fujairah General Assembly Meeting 24/03/2026 - Press Release | premargin
National Bank of Fujairah General Assembly Meeting 24/03/2026 - Press Release
·ADX·General Disclosure | General Press Release·March 24, 2026·View on exchange
AI Summary
Shareholders approved a cash dividend of 20% of share capital (AED 516.1 million) following a record net profit exceeding AED 1.2 billion for the 2025 fiscal year.
The assembly approved the issuance of USD 350 million (AED 1.286 billion) in non-convertible additional tier 1 (AT1) capital securities to strengthen the bank's capital base.
A new Board of Directors was elected for a three-year term, including the appointment of two new Independent Non-Executive members.
The meeting confirmed the appointment of PricewaterhouseCoopers (PwC) as the bank’s external auditors for the 2026 financial year.