Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) said on Wednesday that its ordinary general meeting (OGM) approved a cash and stock dividend to shareholders.

The OGM approved an overall dividend representing 15% of capital, divided on 7.5% in cash and 7.5% as stock dividend, totalling AED 82.5 million each, NBF revealed in its filing to the Abu Dhabi Securities Exchange (ADX).

NBF reported annual profits of AED 505.4 million ($137.595 million) in 2014 against AED 393.1 million ($107.021 million) in 2013.

The bank’s capital amounts to AED 1.100 billion divided on 1.100 billion shares at par value of AED 1 per share.