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NBB proposes 35% cash dividend, bonus shares

NBB proposes 35% cash dividend, bonus shares
The board has proposed a 25% cash dividend (Photo Credit: Arabianeye-Reuters)
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Mubasher: The National Bank of Bahrain (NBB) said that its board has recommended to the ordinary general meeting a 35% cash dividend and bonus share, according to bourse statement issued on Tuesday.

The board has proposed a 25% cash dividend or 25 fils per share, with an overall value of BHD 28.99 million.

Also, the board members have recommended 10% bonus shares or 1-for-10 shares to the entitled shareholders, the statement added.