Bank Nizwa approves distribution of cash dividend for shareholders

SourceTimes of Oman
SectorFinancial Markets
CountryOman

Muscat: Oman's leading and most trusted Islamic bank, Bank Nizwa, held its Annual Ordinary General Meeting on March 28 via the electronic platform for general meetings on Muscat Clearing and Depository Company's website. The Board of Directors of the Sultanate's flagship Islamic bank disclosed and approved critical material and information for the year 2020, including its exceptional financial performance. Bank Nizwa's conscious and consistent efforts rightfully manifest its most trusted position within Oman's Islamic banking sector. The AGM, chaired by Sheikh Khalid Abdullah Ali Al Khalili, Chairman, Bank Nizwa, approved the Director's Report for the financial year ending December 31, 2020, the bank's corporate governance report, and the bank's audited financial statements, including the balance sheet and profit and loss account, for the same fiscal year.

The AGM also disclosed the Sharia Supervisory Board's Report for the year ending December 31, 2020. The shareholders also approved the distribution of cash dividend for the shareholders of 1. 25 baisas per...read more...