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Ahli Bank’s shareholders nod to 10% cash dividends

Ahli Bank’s shareholders nod to 10% cash dividends
Photo credit: Ahli Bank
Ahli Bank
ABOB
0.00% 0.15 0.00

Mubasher: Ahli Bank’s ordinary general meeting (OGM) agreed on Monday to distribute cash dividends at 10% of the capital or 10 Baisas per share for the fiscal year 2015, according to a bourse filing released today.

The bank is capitalised at OMR 142.5 million ($370.08 million) distributed across 1.42 billion shares with a nominal value of OMR 0.1 ($0.26).

The OGM earlier approved bonus shares at 10%, equivalent to 10 shares for each 100 shares.

The bank’s stock rose in today’s early trading by 3.76% to OMR 0.176 ($0.46) as 100,000 shares were exchanged at OMR 17,950 ($46,617).