Mubasher: NBK Capital, the investment arm of National Bank of Kuwait (NBK), placed a 'Hold' recommendation on the National Bank of Oman (NBO), setting the fair value at OMR 0.32.

The recommendation came after the bank proposed 17% cash dividends and 10% bonus share distribution, the research firm said.

The lender posted earnings of OMR 60.11 million for FY15, compared with OMR 50.27 million a year earlier.