Manama: Bahrain-based Al Baraka Banking Group (ABG) said it would start distributing $32.8 million cash dividends (from Wednesday 29th April) to its shareholders for the year 2014 financial results as approved by the shareholders during the Annual General Assembly.
Entitled shareholders to the cash dividends are according to the Register as of AGM date 23 March 2015 and equal to 3 Cent per share while Bonus Shares amounting to US$21.88 million and equal to 2% of issued and paid-up capital has been added to shareholders accounts.
The applicable Zakah per share is 0.60 Cent and shareholders has to pay their Zakah on their own. The Shari’a Supervisory Board declared full details in the Bank’s Annual Report which is available on the Bank’s website www.albaraka.com
The Share Registrar Karvy Computershare has been appointed to handle the dividends distribution from where shareholders can contact them and collect the dividends cheques.