NBO board recommends 20 per cent dividend

Business Monday 29/January/2018 11:27 AM
By: Times News Service
NBO board recommends 20 per cent dividend

Muscat: National Bank of Oman’s board has recommended a cash dividend of 15 per cent and a stock dividend of 5 per cent.
The stock dividend is equivalent to one share for every 20 shares held, according to a disclosure statement posted on MSM website.
The dividend proposal is subject to the approval of the Central Bank of Oman and subsequently the shareholders of the bank at the annual general meeting proposed to be held on March 25, 2018. The board also approved the bank’s financial statement for 2017.