Cash dividends equal to 5 Cent per share (5% of capital) while stock dividends equal to 1 bonus share for every existing 10 shares (10% of capital). KPMG Fakhroo has been appointed in their capacity as official Shares Registrar to handle the distribution.
Adnan A Yousif, President and the Chief executive said that the Group had performed exceedingly well during the first quarter which would help to achieve a sustainable turnover in coming months.
Al Baraka Banking Group is a Bahrain Joint Stock Company listed in Bahrain Bourse and NASDAQ Dubai stock exchanges (www.albaraka.com). Al Baraka is a leading international Islamic bank with Standard & Poor’s long and short-term credit ratings of BBB- and A-3 respectively. The authorised capital of Al Baraka Banking Group is $1.5 billion, while total equity amounts to about $1.8 billion.