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JCBK shareholders approve bonus share distribution

JCBK shareholders approve bonus share distribution
Photo Credit: Arabianeye-Reuters
Jordan Commercial Bank
JCBK
-7.00% 0.93 -0.07

Mubasher: Jordan Commercial Bank (JCBK) said its extraordinary general meeting (EGM) gave the go-ahead for distributing 5 million bonus shares.

The distribution will be financed through capitalising JOD 5 million from retained earnings.

The lender posted net earnings of JOD 11.7 million (nearly $16.5 million) for the first nine months of 2015, soaring 164.94% over the figure recorded in the same period of 2014.