We, Hamad bin Mohammed Al Sharqi, Ruler of the Emirate of Fujairah,
- After reviewing the Memorandum of Association and Articles of Association of National Bank of Fujairah (Public Shareholding Company with limited liability) issued in Fujairah City on 08/05/1982;
- Upon the approval of the Board of Directors of the Central Bank of Fujairah for a commercial bank license in Fujairah in accordance with the standard procedures,
- In accordance with the license issued by the Central Bank on 20/09/1982 for the National Bank of Fujairah to carry out banking business,
has decided to issue the following decree:
The National Bank of Fujairah shall be established as a public joint stock company with limited liability under the name National Bank of Fujairah with a capital of AED 400,000,000,000 (four hundred million dirhams) distributed on 4,000,000 shares (four million shares) with a value of AED 100 (one hundred dirhams) per share from the founders whose names are included in the list attached to the Memorandum of Association.