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Arab Bank recommends 12% cash dividend

Arab Bank recommends 12% cash dividend
Photo Credit: Arabianeye-Reuters
Arab Bank
ARBK
0.00% 4.30 0.00


Arab Bank announced in a bourse filing to the Amman Stock Exchange (ASE) that the Board of Directors has recommended cash dividend of 12% and bonus shares of 12.5% (2 shares for every 16 shares held).


Arab Bank announced today its financial statements to ASE for the fiscal year (FY) ending December 31, 2014, reporting a net profit rise by 15% to $577.2 million against $501.9 million in the corresponding period of 2013.

 

The Bank’s capital amounts to JOD 56.96 million, distributed on 56.96 million shares at JOD 0.1 par value each.