Mubasher: Oman’s Bank Dhofar announced on Wednesday that its ordinary general meeting (OGM) will be held on 23 March.

The OGM will discuss a proposal by the board of directors to distribute cash dividends at 15 Baisas per share and bonus shares at 10 of the bank’s capital, equivalent to one share for each 10 shares, for the fiscal year 2015, according to a bourse filing.

The bank’s profit rose 15.6% in 2015 to OMR 46.77 million ($121.480 million) from OMR 40.45 million ($105.06 million) in 2014.

Shareholders earlier agreed to distribute cash dividends at 5% of the share’s par value and bonus shares at 15% of the capital.

The Muscat listed bank’s share stood at 0.27 fils in today’s session, as 8,150 shares were traded at OMR 2,200 ($5,714).