BLOM Bank board of directors invites all shareholders for the annual general assembly that will be held at the bank’s headquarters in Verdun, Beirut on April 7, 2017 at 12 pm. The meeting’s agenda will include examining the Board of directors and the Auditor’s General Reports about the accounts stated on 31.12.2016. Other diverse subjects are also on the meeting’s schedule in addition to any matters that could arise. In addition, the assembly will fix 2016’s dividends to be distributed, noting that the Board of Directors proposed the payment of an amount of LBP 1,500 (less the tax) for each ordinary share listed on the Beirut Stock Exchange and the amount of USD 0.70 (less the tax) for every listed preferred share class 2011.
Similarly, BLOM Bank invites its shareholders for an extraordinary general assembly that will be held on the 7th of April 2017 at its headquarters at 13:30pm. The meeting’s agenda will be dealing with BLOM’s acquisition of all the assets, shareholders’ equity, liabilities and commitments of HSBC Bank Middle East Limited – Lebanon Branch. The meeting will also intend to give all the necessary power to the Board of Directors and/or the Chairman to execute this acquisition.
2016 Dividend Distribution Details
Ordinary Shares | Preferred Shares | |
| Record Date | April, 12th 2017 | April, 12th 2017 |
| Payment Date | April, 13th 2017 | April, 12th 2017 |
| Payment Amount | LBP 1,500 | USD 0.70 |
Source: BSE