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FINANCIAL NEWS
National Bonds changes profit payment terms
20 Dec 2010
UAE National Bonds Corporation stated that it would cut down profits its savers receive as per new calculation terms effective from the beginning of 2011, Arabian Business Reported.
Previously, all investors used to receive equal percentage of profit. By the new terms, investors are divided into tiers based on the duration of investment in the company. Tier 1 investors would receive 40 percent of the annual profit. Tier 2 investors would receive 60 percent of the annual profit and Tier 3 saver would get 80 percent. Only Tier 4 investors who have been with company from before 2010 would receive the full profit declared.
It is worth noting that many savers are concerned as this mean that many short term investors will receive in the future a profit percentage of 1.42 percent, which is much less than the rate offered by most standard bank saving accounts.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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