Wednesday 25 April 2018

Al Baraka to distribute $36.69m cash dividend

Manama, April 29, 2014

Al Baraka Banking Group will today start distributing $36.69 million cash dividend for 2013 to its shareholders.

Shareholders entitled according to the register are as of the Annual General Meeting dated March 23. The dividend payable is 3.5 cents per share, .

The applicable Zakah for each share is 0.67 cent according to Sharia Supervisory Board declaration, and shareholders have to pay their Zakah on their own, said the bank in its statement.

The Sharia supervisory board report is enclosed in the bank's annual report, available on the Al Baraka website.

Al Baraka has appointed Fakhro Karvy, the share registrar, to handle the dividend distribution.-TradeArabia News Service

Tags: Bahrain | Bank | Al Baraka | dividends |

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