Al Baraka distributing US$22.14 million cash dividends to shareholders
26 April 2016:
Al Baraka Banking Group (B.S.C.) announced today, Wednesday 27 April start the distributing US$22.14 million cash dividends to shareholders for the year 2015 financial results as approved by shareholders in the Annual General Assembly.
Entitled shareholders to the cash dividends are according to the Register as of AGM date 20 March 2016 and equal to 2 Cent per share, while Bonus Shares amounting to US$33.4 million and equal to 3% of issued and paid-up capital has been added to shareholders position.
The applicable Zakah on shareholders is 5.155 cent for every 100 share (0.05155 Cent per share), where shareholders has to pay the Zakah related to cash dividend by their own, and the Bank to pay the remaining part of Zakah as approved by the AGM.
More details available in the Shari'a Supervisory Board declared within the Bank's Annual Report which is available on the Bank's website www.albaraka.com
The Share Registrar (Karvy Computershare) has been appointed to handle the dividends distribution, where Shareholders can collect the dividends cheques from their offices:
Karvy Computershare WLL
Manama, Kingdom of Bahrain
call center: (+973) 17215080
Fax : (+973) 17212055
(8:00am till 5:00pm Sunday to Thursday)
To contact us:
Mr. Ahmed AbdulGhaffar
VP - Investors Relations
Al Baraka Banking Group B.S.C.
Tel: (+973) 17520701 / 17541122
Fax: (+973) 17910911
Email: [email protected]
Al Baraka Banking Group (B.S.C) is licensed as an Islamic wholesale bank by the Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic banking group providing its unique services in countries with a population totaling around one billion. It is jointly rated BBB+ (long term) / A3 (short term) on the international scale and A+ (bh) (long term) / A2 (bh) (short term) on the national by Islamic International Rating Agency & Dagong Global Credit Rating Company Limited, and by Standard & Poor's at BB+ (long term) / B (short term).
Al Baraka offers retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of Al Baraka is US$ 1.5 billion, while total equity is at about US$ 2.1 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 over 600 branches. Al Baraka currently has a strong presence in Turkey, Jordan, Egypt, Algeria, Tunisia, Sudan, Bahrain, Pakistan, South Africa, Lebanon, Syria, Iraq and Saudi Arabia, including two representative offices in Indonesia and Libya.
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