Bank Muscat AGM approves 35% cash dividend, 5% bonus shares – Times of Oman

Bank Muscat AGM approves 35% cash dividend, 5% bonus shares – Times of Oman

At the EGM, the shareholders of the bank approved the renewal of the Meethaq Sukuk Programme amounting to OMR500 million.. The EGM also authorised the Board of Directors of the bank or those delegated by the board to establish and approve Meethaq Sukuk Programmes.. , shareholders also received bonus shares in the proportion of 1 share for every 20 ordinary shares aggregating to 154,739,168 shares of OMR0.100 each amounting to OMR15.474 million.. Sheikh Khalid bin Mustahail Al Mashani said that the Board of Directors of the Bank welcomed and supported the measures taken by the Central Bank of Oman and the Capital Market.