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AlBaraka distribute US$30.43 million cash dividends
AlBaraka Banking Group B.S.C. (ABG) announced starting of Monday 30 April 2012 the distribution of US$30.43 million Cash dividends for the financial year 2011 equal to 3.5 Cent per share (3.5% of issued capital), as per the AGM approval last month.
The AGM approved cash and stock dividends distribution to shareholders with total of US$175.36 million for the financial year 2011. Stock dividends total is US$144.93 million and equal to 1 bonus share for every existing 6 shares (16.67% of issued capital) has been already added to shareholders accounts.
“Bahrain Shares Registering Company W.L.L. (BSRC)” has been appointed to handle the distribution in their capacity as official Shares Registrar.
AlBaraka Banking Group www.albaraka.com is a Bahrain Joint Stock Company Licensed as an Islamic Wholesale Bank by Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic bank providing its unique services to around one billion people and with Standard and Poor’s investment grade long term counterparty credit rating of BBB- / A-3 (Short Term). Al Baraka offers retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of Al Baraka is US$1.5 billion, while total equity amounts to about US$1.8 billion.
The Group has a wide geographical presence in the form of subsidiary banking Units and representative offices in fifteen countries, which in turn provide their services through more than 400 branches. Al Baraka is currently having a strong presence in Jordan, Tunisia, Sudan, Turkey, Bahrain, Egypt, Algeria, Pakistan, South Africa, Lebanon, Syria, Indonesia, Libya (under formation), Iraq and Saudi Arabia.
AlBaraka Banking Group B.S.C.
P.O Box 1882,
Manama, Kingdom of Bahrain
Tel: (+973) 17541122 / 17 520701
Website: www.albaraka.com/InvestorsRelations
Email : aghaffar@albaraka.com
AlBaraka distribute US$30.43 million cash dividends
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