Al Baraka Banking Group’s ordinary general meeting agreed on distributing 2% cash dividends and 3% bonus shares for the fiscal year 2015, according to a bourse statement.
The cash dividends will be paid at 2 cents per share with a total of $55.62 million. The bonus shares will be issued on a 3-for-100 basis.
The stock’s ex-dividend date is 21 March, added the statement.
Meanwhile, the extraordinary general meeting agreed on increasing the issued and paid-up capital to $1.49 billion from $1.11 billion, in exchange for issuing the 3-for-100 bonus shares.
Al Baraka Banking said that the adjusted price per share after the distribution of bonus shares will be $0.539.
Al Baraka stock ended Sunday’s trading session with a fall of 1.77% to BHD 0.56.
