MANAMA: The Board of Directors of Al Baraka Banking Group (ABG) resolved in its meeting to pay cash dividend to shareholders over $36 million in addition to bonus shares worth $45million for the year 2013.
The bank in a statement on Tuesday said that the board of directors in its meeting held on February 23 recommended the following shareholders’ distributions for approval by the Assembly General Meeting.
Distribution of cash dividend from the profit of the year 2013 to the Shareholders registered as of the date of the AGM (as 3.5 cents for each share) amounting to US$ 36,690,179. The board also recommended the distribution of 1 Bonus Share for every 23 fully paid Shares to the Shareholders registered as of the date of the AGM (amounting to US$ 45,577,862) from Retained Earnings.