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Islamic Finance Briefing - Categorized | Banking, Performance more

ABG distributes $69.3mln dividend to shareholders

Posted on 15 April 2013

Bahrain-headquartered global Islamic banking major, Al Baraka Banking Group (ABG), announced the dividends distribution, to shareholders as of AGM date 19 March 2013, amounting to $69.3 million represent cash and stock dividends of the financial year 2012 as approved by shareholders in the Annual General Assembly.
The stock dividends amounting to $33.8 million, equal to 1 bonus share for every existing 30 shares (3.33% of issued capital) has been added to shareholders accounts, while Cash dividends amounting to $ 35.5 million equal to 3.5 Cent per share (3.5% of issued capital) will be paid value Monday 29 April 2013. The official Share Registrar (Fakhro Karvy) has been authorized to handle the distributions………………………………………..Full Article: Source

 
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