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Islamic Finance Briefing - Categorized | Banking, Performance more

United Gulf Bank announces a 74% cash dividend for 2008

Posted on 17 March 2009

From Ameinfo.com: United Gulf Bank’s Board of Directors has recommended a cash dividend of 74% per share ($18.5 cents per share) for 2008, a total of $150.6m, for the approval of Bank’s General Assembly.
This compares to the 65% ($16.25 cents per share) cash dividend made in 2007. Kipco, the major shareholder, will underwrite up to $130m for UGB in subordinated Tier II capital to add to the Bank’s financial strength, if required….. Full Article: Source

 
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