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Ahlibank reports 19% income growth
- Oman: Tuesday, March 26 - 2013 at 03:39
Oman's Ahlibank has reported a 19% rise in 2012 net profit to OR21.74m, compared with OR18.22m in the previous year, Oman Daily Observer has reported. The bank's board has recommended the distribution of 5% cash dividend and bonus shares to shareholders at a rate of 5% of the capital (5 shares for every 100 shares) for the year 2013. Last year, the successful completion of a rights issue enabled the bank to achieve its twin objective of meeting the regulatory requirement of OR100m level of share capital, as well as the allocation of OR25m for the bank's Islamic banking activities.
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