Mubasher: The shareholders of Al Salam Bank – Bahrain, listed on Bahrain Bourse and the Dubai Financial Market (DFM), approved to pay out 4% cash dividends, amounting to BHD 8.863 million for fiscal year (FY) 2019.

During the ordinary general meeting (OGM), the shareholders also agreed on distributing 4% bonus shares, equivalent to 88.634 million shares or one share for every 25 shares, according to the bank's press release on Tuesday.

The chairman of Al Salam Bank-Bahrain, Khaleefa Butti Omair Al Muhairi, said: “The robust performance of 2019 enabled the Bank to steadily increase its dividend distribution for the year."

Meanwhile, the Group CEO of the bank, Rafik Nayed, remarked: "Our transformation strategy, which focuses on strengthening core banking activities and digitizing the Bank’s operations, is positioning us well for future growth." 

It is noteworthy to mention that in 2019, the bank's net profits attributable to shareholders reached BHD 21.1 million, up 14% year-on-year (YoY) from BHD 18.5 million in 2018.