Al Baraka to distribute $36m dividends
Manama, February 26, 2014
Bahrain-based Al Baraka Banking Group said its board has agreed to distribute dividends amounting to $36.6 million among its shareholders.
It will distribute cash dividend from last year's profit to shareholders registered as of the date of the Annual General Meeting (AGM) based on 3.5 cents for each share equal to 3.5 per cent of the issued and paid capital, reported the Gulf Daily News, our sister publication.
The board also resolved to distribute one bonus share for every 23 fully paid shares to the shareholders registered as of the date of the AGM equal to 4.35 per cent of the issued and paid capital, amounting to $45,577,862 from retained earnings.-TradeArabia News Service