BackShareholders approve NBF move into commodities
National Bank of Fujairah PSC (NBF) held its Extra Ordinary General Meeting today at Al Diar Siji Hotel Fujairah, UAE, where shareholders considered and approved an amendment to the Bank’s Article of Association. The amendment will allow NBF to deal in commodities in addition to precious metals in both physical and derivative markets.
29 September 2011
NBF's Chairman, His Highness Sheikh Saleh Bin
Mohammed Al Sharqi said:
"This is in line with our long-term strategy of deepening
customer relationships through an enhanced focus on our products
and services proposition.
"NBF is a leading bullion bank in the UAE and being able to
trade in additional commodities will allow us to better leverage
our treasury expertise on behalf of our customers."
About National Bank of Fujairah PSC:
Incorporated in 1982, National Bank of Fujairah PSC (NBF) is a
full services corporate bank with strong wholesale banking and
trade finance expertise. Leveraging its deep banking experience and
market insight within Fujairah and the UAE, NBF is well-positioned
to build lasting relationships with its clients and help them
achieve their business goals.
NBF's key shareholders include the Government of Fujairah, the
Government of Dubai and business pioneer and community leader H.E.
Sir Easa Saleh Al Gurg, KCVO, CBE. It is listed on the Abu Dhabi
Securities Exchange under the symbol "NBF" and has a branch network
of 13 across the UAE.
For further information, please
contact:
Karl Ho, Snr. Corporate Communications Manager
Ho.yen@nbf.ae
04 5078351 / 055 5538645
Abda Fayyaz, Corporate Communications Officer
Abda.fayyaz@nbf.ae
04 5078 439 / 050 944 5353
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