UNB AGM approves 20% cash dividend and 20% stock dividend

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About Union National Bank:
Union National Bank (UNB) is a public joint stock company incorporated under the laws of the United Arab Emirates in 1982. UNB operates through a wide network of branches and over 130 ATMs throughout the UAE. UNB is present in the Arab Republic of Egypt through its 94.9% owned subsidiary Union National Bank, Egypt (formerly known as Alexandria Commercial and Maritime Bank) which has 10 branches in Egypt in addition to 12 new branched being prepared.

UNB has two other major subsidiaries:

(1) Union Brokerage Company (UBC) which provides brokerage services for customers trading in shares and securities on Abu Dhabi Securities Market and Dubai Financial Market. UBC operates from state of the art offices which are located in Abu Dhabi, Dubai, Al Dhafra, Al Ain and Fujairah.

(2) Al Wifaq Finance Company (AWFC) a Finance Company which offers Shari'a compliant products and services to tap the growing Islamic banking market.

In addition UNB is the first Bank in the UAE to get a licence to open a representative office in China.

UNB is the only bank in the UAE which has significant shareholdings by the Governments of both Abu Dhabi and Dubai. The major shareholders of UNB are the Finance Department, Government of Abu Dhabi (40%), Abu Dhabi Investment Council (10%) and the Government of Dubai (10%). The remaining 40% of the shares are publicly held. The shares of UNB are listed on the Abu Dhabi Securities Market.

UNB has adopted the total quality management concepts and methodologies, quality management systems and a business excellence framework. A strong testament to this was when the Bank won the 2004 / 2005 Sheikh Khalifa Excellence Award, Gold category for the financial sector, and the 2005 Dubai Quality Award.

In 2002, UNB became the first bank of its size in the Middle East to be ISO 9001:2000 for all its branches , management systems & operations (Certified by Lloyds Register of Quality Assurance for Quality Management Systems under the terms set out by the United Kingdom Accreditation Service - UKAS - scheme.) certified across its entire operations in the UAE. The Bank received full ISO 9001:2000 recertification in 2005.