AlBaraka distributing US$24.8 million to shareholders
Al Baraka Banking Group B.S.C. will start on Wednesday 8 April 2020 distributing US$24.8 million as cash dividends to shareholders for the financial year 2019 as approved by the AGM.
The shareholders will be receiving total cash dividends amounting US$24.8 million equal to 2Cent per share equal to 2% of the issued capital. Entitled shareholders are according to the shareholding register by end of 24 March 2020 as approved by the AGM.
The applicable Zakat related to cash dividend is (Cent 0.52 for every 1,000 shares) and shareholders has to pay their applicable zakat by their own, while the Bank will pay the remaining part of Zakat as approved by the AGM.
More details on Zakat 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 get their shares update though:
Call center (+973) 17215080
Fax : (+973) 17212055
Current working hours are (9:00am till 3:00pm 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