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Ahli Bank to discuss 15% dividends for 2016

Ahli Bank to discuss 15% dividends for 2016
The shareholders will also discuss and approve on 7 March the financial statements for FY16 (Photo Credit: Arabianeye-Reuters)
Al Ahli
ABQK
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Doha – Mubasher: Ahli Bank said its annual general meeting on Tuesday, 7 March, to discuss the board’s proposal to distribute 10% cash dividends and 5% bonus shares for fiscal year 2016, according to a statement.

The bank’s capital amounted to QAR 1.9 billion, distributed on 190.8 billion shares.

During their meeting, the shareholders will also discuss and approve the financial statements for FY16.

The extraordinary general meeting (EGM) will be held on the same day to approve the bank’s capital increase by 5% or 9.5 million shares, to reach 200.343 million shares.