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Al Baraka announces dividends distribution

Published: 27/03/2012 04:30:19 PM GMT
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AlBaraka Banking Group B.S.C. (ABG) has announced the distribution to shareholders (as of AGM date 21 March 2012) total of US$ 175.36 million represe (more)

AlBaraka Banking Group B.S.C. (ABG) has announced the distribution to shareholders (as of AGM date 21 March 2012) total of US$ 175.36 million representing cash and stock dividends for the financial year 2011 as approved by the AGM last week.

Cash dividends total of US$30.43 million equal to 3.5 Cent per share (3.5% of issued capital), while stock dividends total of US$144.93 million equal to 1 bonus share for every existing 6 shares (16.67% of issued capital).

Bounce shares has been added to all shareholders accounts, while cash dividends will be value Monday 30 April 2012. Bahrain Shares Registering Company has been appointed in their capacity as official Shares Registrar to handle the distribution.

AlBaraka Banking Group is a Bahrain Joint Stock Company Licensed as an Islamic Wholesale Bank by Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic bank providing its unique services to around one billion people and with Standard and Poor's investment grade long term counterparty credit rating of BBB- / A-3 (Short Term). Al Baraka offers retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of Al Baraka is US$1.5 billion, while total equity amounts to about US$1.8 billion.

The Group has a wide geographical presence in the form of subsidiary banking Units and representative offices in fifteen countries, which in turn provide their services through more than 400 BRanches. Al Baraka is currently having a strong presence in Jordan, Tunisia, Sudan, Turkey, Bahrain, Egypt, Algeria, Pakistan, South Africa, Lebanon, Syria, Indonesia, Libya (under formation), Iraq and Saudi Arabia. Disclaimer: NASDAQ Dubai is not responsible for the content of issuer disclosures. © 2009 NASDAQ Dubai. This e-mail and its attachments contain information which is confidential and may be legally privileged. It contains information on the NASDAQ Dubai Limited (NASDAQ Dubai) which is for the exclusive use of the intended recipient. If you are not the intended recipient(s), disclosing, copying, disseminating or otherwise taking any action in connection with this communication or the information in it is prohibited and may be unlawful. If you have received it in error, please notify the NASDAQ Dubai, delete it from your system, and destroy any copies.

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