Mubasher: Ahli United Bank (AUB) has called for holding ordinary and extraordinary general meetings on 29 March to consider dividends for the fiscal year 2015, according to a bourse statement.
AUB’s board has proposed paying an 18% cash dividends or 4.5 cents (14.97 fils) per share, with a total value of $293.099 million (BHD 777.885 million). It also recommended distributing 5% bonus shares at 5-for-100.
Shareholders will discuss the approval of buying back 10% or less of issued shares, the statement said.
The statement added that AUB will consider modifying articles of association and statute on back of its issuance of 325.666 bonus shares.
AUB stock was last traded on 3 March when it settled at $0.690 after about 164,500 shares were exchanged with a turnover worth nearly $42,800.
