Bank Audi Calls for Annual General Assembly Meeting and Announces Dividend Distribution Scheme

Bank Audi’s board of directors invited all holders of ordinary shares for an ordinary annual general assembly that will be held at the bank’s headquarters in Audi Plaza, Bab Idriss, and Beirut Commercial Central District on April 7, 2015 at 10:30 a.m. The meeting’s agenda will include the approval of 2014’s financial statements, the discharge of the Chairman and Board members and the determination of External Auditors’ expenses for 2015. In addition, the bank will declare distributions and dividends to the preferred shareholders as well as the holders of common shares.

On a different note, the bank announced a dividend distribution proposal following its meeting held on March 19, 2015. In this context, the Board of directors suggested the distribution of LBP 603 per common share (around USD 0.4) or a net LBP 572.85 per common share after the 5% tax deduction. In case of approval, the net payments will be distributed on or about the 15th of April to shareholders, according to Midclear records.

Yearly Performance of Audi Listed Shares


 Source:  BLOMINVEST Research Department, BSE

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