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National Bank of Abu Dhabi approves 10% cash dividends and bonus shares.

M2 EQUITYBITES-16 March 2010-National Bank of Abu Dhabi approves 10% cash dividends and bonus shares(C)2010 M2 COMMUNICATIONS

Financial services institution National Bank of Abu Dhabi PJSC (NBAD) (LSE:32QY) (AbuDhabi:NBAD) approved the distribution of 10% cash dividends and 10% bonus shares to shareholders of record as at 25 March 2010 at its annual general meeting, the company disclosed on Tuesday.

Additionally, chairman Nasser Ahmed Khalifa Alsowaidi and the NBAD board reviewed and approved the directors' report, auditor's report and financial statements for the year ending 31 December 2009.

Further, Alsowaidi named Matar Hamdan Al Ameri and David Beau to the board as independent directors, confirming NBAD's commitment to transparency and corporate governance.

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Publication:M2 EquityBites (EQB)
Date:Mar 16, 2010
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