Mubasher: Ahli Bank’s ordinary general meeting will convene on 28 March to discuss distributing OMR 14.25 million as cash dividends at 10% of paid-up capital or 10 baisa per share for 2015.

The bank’s issued and paid-up capital amount OMR142.5 million divided into 1.425 billion shares, with a nominal value OMR0.100 per share.

In its filing to the Muscat Securities Market (MSM), the bank said that OGM will discuss the directors' report for 2015 and auditor’s report on the balance sheet  and profits and losses.

Ahli Bank profits rose last year by 10.4% to OMR27.7 million, compared with OMR 25.1 million in 2014.

The lender posted OMR21.8 million net profits in the first nine months of 2015, compared with OMR19.1 million in the same period of 2014.