Mubasher: The ordinary general meeting (OGM) of Jordan’s Arab Bank approved on Sunday cash dividends at 25% of the share’s par value (250 fils per share) for the fiscal year 2015, according to a bourse filing.

The OGM earlier agreed to distribute cash dividends at 12% of the stock’s par value ($120 fils per share) and 1-for-8 bonus shares.

The bank is capitalised at JOD 640.8 million ($904.38 million) distributed on 640.8 million shares with a nominal value of JOD 1 ($1.41) per share.

The Amman listed bank’s profits declined last year by 23.4% to JOD 442 million ($623.8 million) from JOD 557 million ($786.1 million) in 2014.

Arab Bank stock dropped in today’s trading by 2.12% to JOD 5.99 ($8.45).