National Bank of Oman approve 25% dividends

April 1, 2014 9:42 am

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.