Bahrain Duty Free Shop’s OGM Oks 50% cash dividends
Mubasher: Bahrain Duty Free Shop Complex Company’s ordinary general meeting (OGM) approved on Tuesday paying cash dividends at 50% of the capital or 50 fils per share for the fiscal year 2015, totalling BHD 5.879 million ($15.59 million).
The company earlier distributed cash dividends at 20% of the capital or 20 fils per share for the first half of 2015, according to a bourse filing.
Shareholders also adopted the board of directors’ proposal to distribute bonus shares at 10% of the paid-up capital, equivalent to one share for each 10 shares.
The company’s profit rose in 2015 by 4.4% to BHD 8.9 million.
Meanwhile, the extraordinary general meeting (EGM) approved increasing the issued capital and paid-up capital from BHD 11.758 million to BHD 12.933 million through issuing bonus shares worth BHD 1.175 million.
The company’s share rose in today’s trading by 3.53% to BHD 0.88.
