The Capital Market Authority Board has given approval to the Saudi Investment Bank s request to bolster its capital from SAR 6,000,000,000 to SAR 6,500,000,000 via issuing one bonus share
for every 12 current shares.
2 million shares, and one bonus share
is to be issued per five existing shares owned by investors.
71m, as well as bonus shares
in the proportion of one share for every 6.
7 January 2011 - Abu Dhabi-based First Gulf Bank (ABD:FGB) announced yesterday it intends to give back to its stockholders 75m bonus shares
as part of its stock buyback plan launched at the beginning of 2009.
If approved, it would be after a gap of nearly 13 years that the company will offer bonus shares
The meeting approved the increase of issued and paid-up capital from BD20 million to BD22 million as a result of approval for issue of bonus shares
MANAMA: The board of Al Ahlia Insurance Company is recommending a cash dividend of 50 per cent and a bonus share
issue for every 10 held.
Hamad Al Mutawa, the bank's chairman of board said yesterday the shareholders registered on March 25 are entitled to the bonus shares
and the cash dividend.
The Bonus Shares
will be subject to a four month hold period commencing from the date of issuance thereof.
The banking firm is to increase its capital through the issue of bonus shares
and the money is to be used to fund its expansion plans.
The AGM approved a cash dividend of 60 per cent, as well as distribution of 5 per cent bonus shares
, a total of 75 million shares to the shareholders.
KARACHI, February 15, 2011 (Balochistan Times): Meezan Bank has announced 15% bonus shares
and declared 61% growth in profit after tax for 2010.