MANAMA: Al Baraka Banking Group (B.S.C.) announced the start of distributing of $36.69 million cash dividend to the shareholders from Tuesday for the year 2013 as per the AGM approval.
Entitled shareholders are according to the Register as of AGM date 23 March 2014 and equal to 3.5 Cents per share.
The applicable Zakah for each share is 0.67 Cent according to Shari’a Supervisory Board declaration, and shareholders have to pay their Zakah on their own. The Shari’a Supervisory Board Report is enclosed in the Bank’s Annual Report which is available on the AlBaraka website www.albaraka.com
AlBaraka has appointed Fakhro Karvy, the Share Registrar to handle the dividends distribution, and shareholders can contact them through their call center.