Banking & Finance
Bank Dhofar approves 15% cash dividend & 10% bonus share issue
The Board of Directors of BankDhofar has conducted its Annual General Meeting at Muscat InterContinental Hotel on Tuesday, 29th March 2016.

The Board of Directors of BankDhofar has conducted its Annual General Meeting at Muscat InterContinental Hotel on Tuesday, 29th March 2016. The meeting approved the Corporate Governance report and the report of the Board of Directors of the Bank for the financial year ended 31st December 2015, as well as the Balance Sheet, the Profit and Loss account for the financial year ended 31st December 2015, in addition to the report of Sharia Supervisory Board for “Maisarah” Islamic Banking Services for the same financial year.
The meeting also approved the proposed cash dividend of 15% amounting to RO 23.17 million and a bonus share issue of 10%, aggregating to 154.47 million shares of RO 0.100 each, of the share capital of the bank, subject to Regulatory Approvals.
In continuation of its capital augmentation plan, the Bank raised capital of USD 300 million (RO 115.5 million) in the form of Tier 1 (including Additional Tier 1 capital) in 2015, the successful debut issuance of Basel III compliant Tier 1 instrument in the country. This would be used to support the growth of the Bank.
As part of the planned funding program and strengthening the liquidity base, Bank successfully completed a Syndicated borrowing of USD 250 million at competitive rates, with encouraging participation from major banks in the region. This facility demonstrates the confidence of the global markets in the financial strength of BankDhofar.
-
OER Magazines2 months ago
OER, April 25
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, April 25
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Leaders Speak1 month ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
Banking & Finance2 months ago
How is National Bank of Oman Working Towards Creating a Robust Fintech Ecosystem?
-
OER Magazines4 weeks ago
OER, May 2025
You must be logged in to post a comment Login