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Bank Sohar recommends 9% cash dividends; 6% bonus shares

Bank Sohar recommends 9% cash dividends; 6% bonus shares
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Sohar International
BKSB
-0.73% 0.14 -0.00

Mubasher: Bank Sohar’s board of directors proposed on Sunday cash dividends at 9% of the bank’s capital or 9 baizas per share.

The board also recommended bonus shares at 6% of the bank’s capital, on a 6-for-100 basis.

The bank’s net profit in 2015 came to OMR 28.01 million, versus OMR 29.88 million in 2014.

The bank’s share rose 10% to OMR 0.143 in today’s early trading.