Mubasher: National Bank of Bahrain’s (NBB) shareholders agreed on paying cash dividends at 25% of its capital, totalling BHD 26.3 million ($69.77 million), for the fiscal year 2015.

During their ordinary general meeting on Wednesday, shareholders also approved distributing bonus shares at 10% of the capital, equivalent to 1 share for each 10 shares, amounting to BHD 10.54 million ($27.96 million).

Bonus shares will be financed from the bank’s general reserve after obtaining an approval from competent authorities, according to a bourse filing.

The bank is capitalised at BHD 105.4 million ($279.62 million) distributed across 1.05 billion shares, with a nominal value of BHD 0.10 ($0.27).  

NBB’s profit rose in 2015 by 3.4% to BHD 55.28 million ($146 million) from BHD 53.44 million ($141.25 million) in 2014.

The bank’s share leapt in today’s session by 2.3% as 11,700 shares were traded at BHD 7,800 ($20,693).