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Bank Sohar proposes cash dividends, bonus shares

Bank Sohar proposes cash dividends, bonus shares
The company will pay 5% cash dividends (Photo Credit: Arabianeye-Reuters)
Sohar International
BKSB
0.69% 0.15 0.00

Mubasher: The board of Bank Sohar has recommended distributing cash dividends and bonus shares for the fiscal year 2016, according to a bourse statement issued on Sunday.

The company will pay 5% cash dividends or 5 baisas per share, as well as 10% bonus shares or 1-for-10 shares, the statement added.

On the stock level, Bank Sohar started Sunday’s trading session higher with 1.27% to OMR 0.16.