Sunday 11 December 2016
 
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dividend

Germany's Commerzbank cuts nearly 10,000 jobs

Germany's Commerzbank will cut more than a fifth of its workforce and suspend its dividend as it tackles the challenges of low interest rates, weak profits and the shift to online banking. Germany's second biggest lender s

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Microsoft plans $40 billion share buyback

Microsoft Corp on Tuesday raised its quarterly dividend by 8 per cent and said it would buy back up to $40 billion as part of a new share repurchase programme. The company raised its dividend to 39 cents per share, up 3 cents from

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Investcorp reports net income of $90.1m

Bahrain-based Investcorp, a global manager of alternative investment products, has posted a net income of $90.1 million for the year ended June 30 compared with $116.7 million in the previous year, marking a decline of 23 per cent.

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Reem Investments posts $57m net profit

Reem Investments, a leading investment company in Abu Dhabi, has posted a net profit of Dh211 million ($57.4 million) for the financial year 2015.   It was announced at the recently concluded annual general meeti

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Ahli United approves 18pc cash dividend distribution

Ahli United Bank has approved the distribution of a cash dividend of 18 per cent (4.5 cents per share) together with bonus shares of five per cent for shareholders at its recently held Annual General Meeting and the Extraordinary General Meeti

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Bahrain Cinema approves 50pc cash dividend

Bahrain Cinema Company (Cineco) shareholders have approved the distribution of a cash dividend of 50 per cent of the paid-up capital, the equivalent of 50 fils per share, following the approval of the Central Bank of Bahrain. &nbs

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Waha Capital AGM agrees 20pc dividend

Abu Dhabi-based Waha Capital, a leading investment company, approved a cash dividend of 20 per cent for eligible shares at the company’s Annual General Meeting held yesterday (March 23) in the UAE capital. Hussain Jasim Al N

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BCFC approves 45pc cash dividend

Bahrain Commercial Facilities Company (BCFC) shareholders have approved a cash dividend of 45 per cent (45 fils) of the paid up capital of BD7.2 million ($19.09 million), unchanged from 2014, said a report in the Gulf Daily News (GDN),

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Sico declares 5pc cash dividend

Securities and Investment Company (Sico), a conventional wholesale bank in Bahrain, has approved the distribution of a cash dividend of BD2.1 million ($5.6 million) for last year.   It represents five per cent of

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Nass to pay 5pc cash dividend to shareholders

Nass Corporation shareholders are to get cash dividend of five per cent for last year, it was announced at the Bahrain-based company’s annual ordinary general meeting, said a report in the Gulf Daily News (GDN), our sister publi

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