The bonus share
incentive will be capped at PS200 per investor.
The bonus share
offer will be capped at PS200, meaning no further incentive on shares worth more than PS2,000.
Commercial Bank of Dubai, or CBD, announced that its board of directors approved a 50 per cent dividend for financial year 2014 for shareholders, with 25 per cent paid as cash and 25 per cent as bonus shares
at its annual general meeting meeting held recently.
76bn by issuing one bonus share
for every five shares held.
10 per share representing 500 million bonus shares
on the five billion shares that make up its capital, the company said in a filing to the Dubai Financial Market.
The bonus shares
are eligible to the shareholders who are registered in the shareholders registry at the close of trading on the day of the extraordinary general assembly that will be decided later by the bank's board, and should be held within six months from the approval date.
But Sports Direct released a statement yesterday saying that Ashley has decided he does not wish to be rewarded under the 2015 bonus share
scheme, instead wishing for his employees to bene-fit fully.
Ashley has received no remuneration since Sports Direct's initial public offer ing in February 2007, and has not benefited from the 2011 executive bonus share
scheme, under which awards have been made to other executive directors.
have been added to all shareholders' accounts, while cash dividends will be valued on April 30.
2 Riyadh Meanwhile, the CMA has also approved a request of Saudi British Bank to increase its capital from SR 7,500,000,000 to SR 10,000,000,000 through issuing one bonus share
for every three existing shares owned by the shareholders who are registered in the shareholders registry at the closing of trading on the day of the extraordinary general assembly.
5 percent of the share's nominal value per share after deduction of Zakat, taking into consideration that the cash dividends shall not accrue to the bonus shares
I have been pleased with the impact the announcement has had in this regard, and I hope this improved liquidity and wider shareholder base will continue following the bonus share