News Column

ABG proposescash dividends to shareholders

February 26, 2014



Al Baraka Banking Group, in its board of directors meeting held on February 23, decided to recommend the distribution of a cash dividend from the profit of the year 2013 to the shareholders registered as of the date of the AGM (Assembly General Meeting) amounting to $36,690,179 as 3.5 cents for each share equal to 3.5 per cent of the issued and paid capital, subject to regulatory approvals. The distribution of 1 bonus share for every 23 fully paid shares to the shareholders registered as of the date of the AGM equal to 4.35pc of the issued and paid capital, amounting to $45,577,862 from retained earnings was also mooted in the meeting.

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Source: Daily Tribune (Bahrain)


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