Mubasher: Bank Muscat’s ordinary general meeting approved on Wednesday the distribution of dividends at 30% of capital, said the bank in a statement.

Shareholders agreed on paying 25% cash dividends at 25 baisa per share as well as distributing 5% bonus shares at 5-for-100.

The bank’s bonus issue will raise its issued capital to 2.406 million shares from 2.292 million shares.

Moreover, Bank Muscat has re-elected the board of directors for a new three-year term, subject to regulatory approvals.