Mubasher: Bank Muscat said its shareholders will discuss on Sunday, 19 March, a OMR 62.41 million dividend payout for fiscal year 2016, according to a bourse statement.

The board proposed 25% cash dividends or OMR 0.025 for FY16, amounting to OMR 62.41 million.

The board also recommended the distribution of 5% bonus shares on a 1-for-20 basis, totalling 124.81 million shares worth OMR 12.48 million.