Al Baraka Banking Group B.S.C (ABG) approved cash dividends payout to shareholders at the rate of 6 cents per share, amounting to a total of $44.64 million and the issue of bonus shares at the rate of one share for every 16 paid shares (amounting to $46.5 million) to shareholders registered on the date of the annual general meeting. The meeting held in Manama on Thursday also approved increasing the issued and paid up capital by transferring $46.5 million from the issue premium to the capital and to issue against this amount bonus shares to the shareholders registered at date of the meeting at the rate of one share for every 16 shares held. The meeting approved also the increase of the maximum number of the members of the Board of Directors from 11 to 15, and issuance of a decree for the election of two new members for the remaining period of the board.
