Al Baraka Banking Group (B.S.C.) completing today (Wednesday 26 April 2017) the distribution to shareholders for the year 2016 results as approved by the Assembly General meeting (AGM).
The shareholders will be receiving the cash dividends amounting to US$11,39 million equal to 1 Cent per share (1%), while Bonus Shares amounting to US$57,46 million equal to 1 share for every 20 shares (5%) of issued and paid-up capital has been added to shareholders position post to AGM.
The entitled shareholders are according to the Register as of AGM date 20 March 2017.
Applicable Zakah related to cash dividend is Cent 0.38 per share that shareholders has to pay by their own, while the Bank will pay the remaining part of Zakah as approved by the AGM.
More details on Zakah is available in the Shari’a Supervisory Board report within the Annual Report that available online www.albaraka.com
The Share Registrar (Karvy Computershare) has been appointed to handle the dividends distribution, where Shareholders can collect the dividends cheques from their offices:
Karvy Computershare WLL
Al-Zamil Tower,
Manama, Kingdom of Bahrain
call center: (+973) 17215080
Fax : (+973) 17212055
(8:00am till 5:00pm Sunday to Thursday)
© Press Release 2017
