Bahrain-based BBK to distribute $135mln cash dividends for 2019 – ZAWYA

Bahrain-based BBK to distribute $135mln cash dividends for 2019 – ZAWYA

At 40 fils per share, this is equivalent to 40% of the paid-up capital (interim cash dividends include 10% paid to shareholders with a total of BD12.8 million, said a statement from BBK.. The general assembly also agreed to distribute bonus shares to shareholders at 5% of the paid-up capital, which equals 5 shares for every 100 shares held, for a total of BD6.48 million, to become the bank's capital after the increase of BD136,173,633 divided into 1.361.736,332 shares.. The BBK general assembly also approved the minutes of the ordinary general assembly meeting held last year in JUne.. CEO Reyadh Sater said BBK was aggressively pursuing its strategic goals, as during the year 2019 the bank distributed interim cash dividends of 10 fils per share, and the bank successfully converted BD86.1 million "the AT1 perpetual bonds" to CET1 capital, besides successfully issued USD 500 million new senior unsecured note for 5 years under the EMTN program..