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, Beirut Commercial Central District on April 8, 2016 at 10:30 a.m. The meeting’s agenda will include the approval of 2015’s financial statements, the declaration of dividend distribution and payment dates, the election of a new Board of directors, and the appointment of external auditors for the coming 3 years and the determination of their fees for 2016.
Moreover, during its meeting on the 21st of March, 2016, Bank Audi’s Board of Directors proposed to distribute dividends of LBP 603/common share. The net dividend, after the deduction of a 5% withholding tax, will be LBP 572.85/common share.
Depending on the approval of the General Assembly, dividends will be paid on the 14th of April 2016 to holders of common shares, as the record date would be the 13th of April 2016 according to Midclear.
Yearly Performance of Audi Listed Shares
Source: BLOMINVEST Research Department, BSE