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Bank Muscat issues dividends

Bank Muscat issues dividends
Photo Credit: Arabianeye-Reuters
Bank Muscat
BKMB
-0.76% 0.26 -0.00

Bank Muscat has announced the approval of the 2014 financial results and the payment of its dividends by 45%, distributed on 25% as cash dividends, 5% as bonus shares, and 15% as mandatory convertible bonds.

 

Shareholders will get OMR 0.025 as cash dividend per each share, with OMR 0.1 par value per share, totaling OMR 54.57 million, said Chairman at the Bank Khalid bin Mustahail Al Mashani.

 

In addition, shareholders would receive bonus shares per each 20 shares, with a total 109.1 shares, posting a total of OMR 10.91 million.

 

Furthermore, they will have mandatory convertible bonds, standing at OMR 0.015 per share, totaling OMR 32.74 million, including issue expenses, with a coupon rate of 3.5% per annum.