Mubasher: Ahli United Bank’s (AUB) ordinary general meeting (OGM) on Thursday approved distributing a cash dividend of $0.05 per share, or 20% of the ordinary share’s nominal value, for the fiscal year (FY) 2019.

In addition, a 10% bonus share issuance, equivalent to one bonus share for every 10 shares, has been approved, according to a stock exchange statement.

The cash dividends will be paid starting from Thursday, 2 April 2020.

Over the fiscal year ended on 31 December 2019, AUB’s net profits attributed to shareholders increased by 4.7% on an annual basis to stand at $730.5 million from $697.5 million.