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National Bank proposes 17% cash dividend

National Bank proposes 17% cash dividend
Photo Credit: Arabianeye-Reuters
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National Bank of Oman announced in a statement to the Muscat Securities Market (MSM) that the Board of Directors approved the financial statements of the Bank for the fiscal year (FY) ending December 31, 2014.


The Board also recommended a cash dividend of 17% and stock shares of 10% (1 share for every 10 shares held) of the Bank’s paid up capital. 


Preliminary financial statements for the Bank for the fiscal year (FY) ending December 31, 2014, revealed a profit rise by 21.5% to OMR 130.7 million.