Shareholders improve 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.
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.