Al Baraka distributing US$37.2 million to shareholders
Al Baraka Banking Group B.S.C. started today (Thursday 18 April 2019) distributing US$37.2 million as cash dividends to shareholders for the results of the financial year 2018 as approved by the Assembly General meeting (AGM).
The shareholders will be receiving total cash dividends amounting to US$37.2 million equal to 3 Cent per share equal to 3% of the issued capital. Entitled shareholders are according to the shareholding register by end of AGM date 20 March 2019.
The applicable Zakah related to cash dividend is (US$ 0.773 for every 1,000 shares) which shareholders has to pay their applicable zakah by their own, while the Bank will pay the remaining part of Zakah as approved by the AGM.
More details on Zakah is available in the report of Shari'a Supervisory Board within the Annual Report which is available online www.albaraka.com
The Share Registrar (Karvy FinTech) appointed to handle the distribution of dividends, where Shareholders can collect the cheques and enquire of their shares position though:
Call center (+973) 17215080
Fax : (+973) 17212055
(8:00am till 6:00pm Sunday to Thursday)
To contact AlBaraka Banking Group :
Mr. Ahmed AbdulGhaffar
First Vice President - Investors Relations
AlBaraka Banking Group B.S.C.
Tel: (+973) 17520701 / 17541122
Fax: (+973) 17910911
Email : [email protected]
Online Investors Center www.albaraka.com/ir