Shares & Dividend
Recommendation of Declaration of Dividends
The Board of Directors of Al Salam Bank resolved, on 10 February 2021, to recommend in the upcoming Annual General Meeting the distribution of stock dividends of 5% of the paid-up capital, equivalent to one share for every 20 shares held (amounting to BD 11.523 million) for the year ending 31 December 2020 to the shareholders whose names are registered on the Bank’s register on the Record Date. This is subject to the approval of the Bank’s shareholders in the upcoming Annual General Meeting.
Below are the key dates regarding the dividend entitlement:
| Event | Date |
| General Meeting Date (Shareholders’ approval date) | 17 March 2021 |
| Cum-Dividend Date (Last day of trading with entitlement to dividends) | 18 March 2021 |
| Ex-Dividend Date (First day of trading without entitlement to dividends) | 21 March 2021 |
| Record Date (The Day on which all shareholders whose names are on the share register will be entitled to dividends) | 22 March 2021 |
| Payment Date (The Day on which the dividends will be paid to the entitled shareholders) | 5 April 2021 |
H.E Shaikh Khalid bin Mustahil Al Mashani
Chairman
