BLOM Bank Announces Dividend Distribution for the Year 2018

BLOM Bank S.A.L. is pleased to inform  the Bank’s Shareholders that the Annual Ordinary General Assembly convened on April 16, 2019 at the Bank’s Headquarters and approved the accounts of the Bank for 2018 and  the  distribution  of  dividends  and  returns  amounting  to  LBP 364,148,019 thousand ($241.55 million) as follows:

  • To Holders of Common Listed Shares, an amount of LBP 1700 ($1.127) per share

As a result of the above, the net payable amounts, after deduction of the applicable distribution tax at the rate of 10%, are as follows:

  • To Holders of Common Listed Shares, an amount of LBP 1530 ($1.01) per share.

Payment shall take place through Midclear S.A.L., starting the 24th of April, 2019 for the holders of of Common Listed Shares according to the records of Midclear S.A.L as at April 23, 2019 (Record Date).

Regarding BLOM GDR Holders, the dividends are expected to be settled by BANK OF NEW YORK MELLON starting from May 02, 2019.

Blom Bank’s 2018 Financial Highlights

Blom

Common Shares

Dividend for 2018 (In US$) 1.01
Current Stock Price (In US$) 9.27

 

Source: Blom Bank

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