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National-Bank-of-Oman-NBO

National Bank of Oman approve 25% dividends

: Tuesday, April 01 - 2014 @ 09:42

The National Bank of Oman (NBO) has said its shareholders have approved the board’s recommendation of a cash dividend payout of 15% of the paid-up capital, in addition to 10% stock dividends, Muscat Daily has reported. NBO has made a net profit of OR41.4m in 2013, up 1.8% over the OR40.7m a year earlier. Net operating income, which comprises net interest and non-interest income, grew by 5.3% to OR103.9m.

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Tuesday, April 1- 2014 @ 9:42 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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