The firm said that it would pay out 25 percent cash and 10 percent as bonus shares
This includes 15 per cent cash dividend -- equivalent to about Dh975 million -- and 10 per cent bonus shares
, or 650 million shares, valued at about Dh7.12 billion at Dh10.95 a piece, as at April 23, 2014.
It further approved payment of final cash dividend of 65 percent on ordinary share capital and issue of bonus shares
in proportion of 1 ordinary share for every 4 ordinary shares held by members.
have been added to all shareholders' accounts, while cash dividends will be valued on April 30.
1 March 2012 - First Gulf Bank plans to issue bonus shares
worth AED1.5bn (USD408m/EUR306m) to boost its paid-up capital, the Abu Dhabi-based lender said in a bourse filing on Thursday.
While the extraordinary general meeting agenda will include approving the increase of the issued and paid-up share capital by transferring $46.5m from the share premium to the share capital to issue bonus shares
The proposals are related to enhancing tax exemption limit, taxation on bonus shares
, tax on retained earnings, government's first right to pre-emption and simplification of tax returns.
The Federal Board of Revenue (FBR) has issued a procedure for determination of value of bonus shares
issued by a company, not quoted on the stock exchange, to the shareholders of the company.
NBK Capital MENA has issued adjusted forecasts of fair value for bonus shares
on four banks: National Bank of Abu Dhabi, Saudi Hollandi Bank, Bank Muscat and Samba Financial Group.
Muscat : Based on the recommendation of the Central Bank of Oman, BankDhofar has revised the proposed cash dividend to five per cent of paid up capital and the bonus shares
to 15 per cent instead of 10 per cent cash dividend and 10 per cent bonus shares