Wednesday 5 August 2015
 
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Aluminium Bahrain H1 net profit doubles

Aluminium Bahrain (Alba) posted a net income of BD66.9 million ($178 million) in the first half of the year as compared to BD32.3 million ($86 million) for the same period in 2014, marking a year-on-year increase of 107 per cent.

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Dragon Oil's largest shareholder Enoc says no to dividend payment

Dragon Oil's largest shareholder, Emirates National Oil Co Ltd (Enoc), said the oil producer no longer needed to pay a dividend to shareholders, stepping up pressure in its bid to take over the company.   Eno

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Barwa gets approval for $2bn sukuk programme

Shareholders of Qatar's Barwa Bank approved plans for a $2 billion senior unsecured sukuk programme that could be issued in various currencies, the lender said in a statement on Tuesday. The Islamic bank did not specify a time

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Al Baraka to distribute $32m cash dividends

Al Baraka Banking Group is set to start distributing $32.8 million cash dividends for last year to shareholders from today (April 29). This follows approval of the proposal and the financial results by shareholders in the annual g

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Dubai Investments to distribute 12pc cash dividend

Dubai Investments, a leading investment company listed on the Dubai Financial Market, has approved distribution of 12 per cent cash dividend and issue of six per cent bonus shares for the financial year ending December 31. A propo

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Sico approves 9pc cash dividend

Securities and Investment Company (Sico), licensed by the Central Bank of Bahrain (CBB) as a conventional wholesale bank, has approved the payment of a cash dividend of BD3.86 million ($10.1 million), representing nine per cent of the paid-up ca

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Al Baraka shareholders approve 3pc cash dividend

The shareholders of Al Baraka Banking Group have approved cash dividend of three per cent or three cents per share and one bonus share for every 50 fully paid up shares. This follows a joint annual and extraordinary general meetin

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Reem Investments profit jumps 61pc to $66m

Reem Investments, one of the leading investment companies in Abu Dhabi, announced a net profit of Dh245 million ($66.7 million) for the financial year 2014, an increase of 61 per cent from 2013 at its recent annual general meeting.

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Arab Banking Corporation approves 5pc cash dividend

The shareholders of the Arab Banking Corporation (ABC) have approved a cash dividend distribution of five per cent of the issued share capital ($0.05 per share), amounting to $155.5 million. The dividend was recommended by the ban

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Nass declares 15pc cash dividend to shareholders

The shareholders of Nass Corporation are to get cash dividend of 15 per cent for last year. The announcement was made during the company's annual general meeting (AGM) held at Abdulla Nass Auditorium in the Applied Science Uni

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