Byblos Bank Announces 2018’s Dividends

The Ordinary General Assembly of Byblos Bank convened on April 17, 2019. Accordingly, the following decisions were taken:

  1. The Board also approved the Bank’s 2018 financial accounts and declared a gross distribution of dividends as follows:
  • To Holders of Common Shares: $0.126 per share (LBP 190.8 net of 10% withholding tax).
  • To Holders of Series “2008” Preferred Shares: $7.2 per share (net of 10% withholding tax).
  • To Holders of Series “2009” Preferred Shares $7.2 per share (net of 10% withholding tax).
  • To GDR Holders: LBP 212 per share paid in US dollars ($ 0.14) through the depositary bank “The Bank of New York Mellon” after deducting withholding tax (of 10%) and other expenses starting 2 May 2019.

The dividends’ the net payable amounts (after the deduction of the 10% withholding tax) will be paid through Midclear S.A.L. as of April 24, 2019 (record date) for the holders of the shares, noting the Ex-dividend date of Apr. 18, 2019.

Byblos Bank’s 2018 Financial Highlights

Byblos

Common Shares

Byblos Preferred 08 Byblos Preferred 08
Dividend for 2018 (In US$) 0.126 7.2 7.2
Current Stock Price (In US$) 1.34 76 76

 

Source: Byblos Bank

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