Mubasher: Bank Muscat’s shareholders approved the board of directors’ recommendation to renew an Euro Medium Term Note (EMTN) programme.

The shareholders also agreed on the recommendation of distributing cash dividends at 35 Baiza a share, or 35% of the share’s par value, according to a statement to Muscat Securities Market (MSM).

They also nodded to distribute bonus shares at 5% of the lender’s paid-up capital or 1-for-20 shares for FY18.

For the full-year 2018, Bank Muscat’s profits levelled up 1.59% to OMR 179.63 million, from OMR 176.82 million in 2017.