Ahli Bank holds Annual General Meeting

The share holders duly considered and approved the Bank's audited financial results for the year ended 31 December 2008.

Ahli Bank achieved a net profit of OR5.93m as compared to OR2.22m for the year ended 2007, registering a tremendous growth of 167%.

Shareholders' consent was given for the Board of Directors Report, the Report on Corporate Governance, Auditor's Report and Financial Statements of the Bank for the financial year ended 31 December 2008.

The Shareholders' were in agreement with the Board of Director's recommendation to distribute a payment of cash dividend at the rate of 5% of the issued capital of the Bank (being 5 baiza per share) and stock dividends at the rate of 5% of the capital (being one bonus share for each 20 shares), which results in the increase of capital shares from 646,153,846 to 678,461,539 for the financial year ended 31 December 2008.

The initiative proposed by the Board for donations of OR50,000 to charitable and social organisations during 2009 was well appreciated and supported by the shareholders.

The Shareholders agreed to the appointment of KPMG as auditor for 2009.

"Ahli Bank is anchored for a stable tomorrow and will continue to grow in a prudent and profitable manner, while contributing to the growing Omani economy,"

the CEO, Mr. Abdul Aziz Al Balushi expressed confidently.

"We would like to take this opportunity to thank all our customers and shareholders for their continued support and confidence. We also express our deep appreciation to Ministry of Finance, Central Bank of Oman and Capital Market Authority for their guidance and support," he added.