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NBF shareholders approve dividend

National Bank of Fujairah PJSC shareholders approved the distribution of a 95.3 million United Arab Emirates dirhams cash dividend alongside another 95.3 million dirhams in bonus shares.

The total dividend is equivalent to 41.4% of the lender's 2016 net profit.

As of March 24, US$1 was equivalent to 3.67 United Arab Emirates dirhams.