MANAMA: AlBaraka Banking Group (B.S.C.) has completed the distribution of $60.33 million dividend on Thursday among the shareholders as approved by the Annual General Meeting of the Group.
The shareholders received the cash dividends amounting to US$24.13 million equal to 2 US Cent per share (2%), while Bonus Shares amounting to US$36.20 million equal to 3 shares for every 100 shares (3%) of the issued and paid-up capital has been added to shareholders position post to the AGM.
The entitled shareholders are according to the Register as of AGM date 20 March 2018.
The applicable Zakah related to cash dividend is US Cent 51.96 for each 1,000 shares. The shareholders have to pay their applicable zakah by their own, while the Bank will pay the remaining part of Zakah as approved by the AGM.
