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March 3: Baraka Bank OGM to review 2017 financial results, dividends

March 3: Baraka Bank OGM to review 2017 financial results, dividends

ArabFinance:  Al Baraka Bank Egypt (SAUD) declared in a statement sent to EGX, it called the ordinary general assembly to be convened on March 03, 2018

The OGM will review the financial results for the fiscal period ending December 31, 2017, in addition, the profit distribution attributable to shareholders for 20% of the issued capital.

The dividends will be divided into cash distribution and free stock distribution, the cash distribution will amount to LE189,981,233 (15% of dividends) by LE1.5 per share, while the free stocks amount worth LE63,327,075 (5% of dividends) by distributing 0.05 free stock for every existing one held.

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