Shares & Dividend
Dividend Distribution Recommendation for year ended 2019
The Board of Directors of Al Salam Bank resolved, on 9 February 2020, to recommend the distribution of dividend for the year ending 31 December 2019 to the shareholders whose names are registered on the company’s register on the Record Date. This is subject to the approval of the company’s shareholders on the upcoming Annual General Meeting. The proposed distribution is as follow:
- Cash Dividend: 4% of share nominal value (excluding treasury shares), equivalent to 4.0 fils per share amounting to BD 8.863 million.
- Bonus Share: 4% of paid-up capital, equivalent to one share for every 25 shares held.
Below are the key dates to be taken note of:
| Event | Date |
|
General Meeting Date (Shareholders’ approval date) |
19 March 2020 |
|
Cum-Dividend Date (Last day of trading with entitlement to dividends) |
22 March 2020 |
|
Ex-Dividend Date (First day of trading without entitlement to dividends) |
23 March 2020 |
|
Record Date (The day on which all shareholders whose names are on the share register will be entitled to dividends) |
24 March 2020 |
|
Payment Date (The day on which the dividends will be paid to the entitled shareholders) |
7 April 2020 |
|
Khaleefa Butti Omair Al Muhairi |
