Mubasher: The ordinary general meeting (OGM) of Bank Dhofar approved the board of directors’ suggestion to distribute cash dividends and bonus shares for 2016.
Cash dividends distribution amount to 13.5% of the capital at 13.5 baisas per share. Bonus shares of 75 per 1,000 shares, or 7.5% of the capital, will also be distributed, the bank added in a statement to the Muscat Securities Market (MSM) on Tuesday.
Distributing bonus shares will lead to an increase in the bank's share capital from 1.899 billion to 2.042 billion shares, the bank added in its statement.
The extraordinary general meeting (EGM) of the bank approved increasing its authorised capital from OMR 220 million to OMR 500 million, in addition to approving the renewal of its EMTN programme.
The bank’s annual profits stood at OMR 47.62 million in 2016, compared to OMR 46.76 million in 2015; a rise of 1.88%.
