Mubasher: Ahli United Bank’s (AUB) shareholders agreed on distributing 18% cash dividends and 5% bonus shares for the fiscal year ended 31 December, 2015, a Tuesday statement.
The 4.5 cents per share cash dividends stand at a total of $293.099 million. The bonus shares will be distributed on a 5-for-100 basis.
The bank, which is listed in the Bahraini and Kuwaiti bourses, gave the go-ahead for buying back 10% or less of the issued shares.
Meanwhile, the extraordinary general meeting agreed on issuing bonds and loans with a maximum value of $4 billion.
Shareholders approved modifying the bank’s articles of association and statute, due to the issuance of 325.666 million bonus shares.
