Mubasher: Bank Sohar’s board of directors reduced the cash dividends it earlier proposed for the fiscal year 2015 to 5 baisas per share from 9 baisas per share.
The board also lowered its bonus shares to 1% of the bank’s capital, cutting 5% from its first bonus shares proposal.
The new bonus shares are recommended on a 1-for-100 basis, according to a bourse filing released on Monday.
The bank’s profit decreased in 2015 by 0.21% to OMR 28.01 million ($72.76 million) from OMR 29.88 million ($77.62 million) in 2014.
The Muscat-listed bank’s share declined 3.87% to OMR 0.15 ($0.39) in today’s mid-trading.
