News   

   2020
   
 

AlBaraka distributing US$24.8 million to shareholders

Al Baraka Banking Group B.S.C. will start on Wednesday 8 April 2020 distributing US$24.8 million as cash dividends to shareholders for the financial year 2019 as approved by the AGM.

The shareholders will be receiving total cash dividends amounting US$24.8 million equal to 2Cent per share equal to 2% of the issued capital. Entitled shareholders are according to the shareholding register by end of 24 March 2020 as approved by the AGM.

The applicable Zakat related to cash dividend is (Cent 0.52 for every 1,000 shares) and shareholders has to pay their applicable zakat by their own, while the Bank will pay the remaining part of Zakat as approved by the AGM.

More details on Zakat is available in the report of Shari'a Supervisory Board within the Annual Report which is available online www.albaraka.com

The Share Registrar (Karvy Fintech) appointed to handle the distribution of dividends, where Shareholders can collect the cheques and get their shares update though:

Karvy Fintech

Call center (+973) 17215080

Fax : (+973) 17212055

[email protected]

Current working hours are (9:00am till 3:00pm Sunday to Thursday)

 

To contact AlBaraka Banking Group:

Mr. Ahmed AbdulGhaffar

First Vice President - Investors Relations

AlBaraka Banking Group B.S.C.

Tel: (+973) 17520701 / 17541122

Fax: (+973) 17910911

Email : [email protected]

Online Investors Center www.albaraka.com/IR

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