The UAE is a booming business hub that offers a lifestyle comparable to a few places in the world. With its strategic geographic location, it is within an eight-hour flight to two-thirds of the world’s population, and the economic landscape is geared towards attracting foreign investment and business owners.

NBF held its Annual General Assembly Meeting (AGAM) today remotely through Webex application, where shareholders approved the Chairman’s and Directors’ Reports, the Internal Shari’a Supervision Committee Report for NBF Islamic, the Islamic Banking Window of NBF. In addition, the bank’s Corporate Governance Report and the consolidated financial statements for the year ended 31 December 2020 were discussed and approved. The shareholders confirmed the appointment and remuneration of the bank’s external auditors, Ernst and Young, for the year ending 31 December 2021; and the Internal Shari’a Supervision Committee members for NBF Islamic for a period of three years. The AGAM approved the appointment of two independent representatives to facilitate shareholders who wish to attend and vote through proxies; and also approved no dividend for the year ended 31 December 2020.

Easa Saleh Al Gurg (ESAG) Real Estate has announced a progressive partnership with the National Bank of Fujairah to provide tenants at all ESAG properties with the option to pay their rent in monthly direct debit installments.