By: Mahmoud Gamal

Dubai – Mubasher: Investors in the UAE stock markets are anticipating cash dividend distributions at a value of AED 286.5 million ($77.97 million) on Sunday, 18 March.

The National Bank of Umm Al Qaiwain's (NBQ) planned distributions represent 64.5% of the total dividends.

The bank will hold its ordinary general meeting (OGM) to discuss distributing  AED 184.8 million, at 10 fils per share, representing 10% of share's par value for 2017, according to statistics by Mubasher.

NBQ last reported that its profits increased 14%, reaching AED 369.8 million during 2017, compared to AED 325.7 million in the year before.

Meanwhile, the National Bank of Fujairah’s (NBF) shareholders will discuss on Sunday distributing cash dividends worth AED 102.5 million, at 7.5 fils per share. They will also discuss distributing 7.5% bonus shares for 2017.

Following the bonus share distribution, NBF's capital will rise to AED 1.469 million from its current AED 1.366 billion at a par value of AED 1 per share.

NBF’s annual net profits fell 2.5% to AED 472 million in 2017 from AED 460 million by the end of 2016.

Translated by: Mohamed Hesham Azab