Mubasher: Bank of Sharjah (BOS) handed 110 million bonus shares to its shareholders, according to the bank’s statement to the Abu Dhabi Securities Exchange (ADX) on Wednesday.
The banks OGM approved distributing the bonus shares in April for shareholders of record until the end of 10 May trading session.
Securities and Commodities Authority (SCA) previously refused a request by Bank of Sharjah to distribute the shares that the corporate lender acquired as part of a debt-for-equity swap deal, as bonus.
