Mubasher: Al Baraka Banking Group posted a decline of 11.5% in profits during the fourth quarter of 2016 as compared to the same period a year ago.
Earnings totaled $63.8 million in Q4-16 from $72.1 million in Q4-15, according to a bourse filing issued on Wednesday.
During fiscal year 2016, profits posted a drop of 6.48% to $267.64 million from $286.19 million in FY15.
Board members recommended 6% dividends; 1% in cash dividends and 5% in bonus shares.
