Mubasher TV
Contact Us Advertising   العربية

Ahli Bank to raise capital by 76%

Ahli Bank to raise capital by 76%
Photo Credit: Arabianeye-Reuters
Ahli Bank
ABOB
-0.67% 0.15 -0.00


Oman-Mubasher: Ahli Bank shareholders gave the go-ahead to raise the capital by 76% to OMR 250 million from OMR 150 million.
At their ordinary general meeting, shareholders also approved to distribute a stock dividend of 10% (10 shares for every 100 shares).
The bank reported a profit rise of 9% to OMR 25.1 million ($65 million) during the fiscal year ended 31 December, 2014, compared to OMR 23 million ($59.5 million) during the same period of 2013.