Byblos Proposed to Pay LBP200 per Common Share as Dividend

Byblos bank invited the common and preferred shareholders to attend the annual ordinary general assembly on the 26th of April 2016, in the Bank’s headquarter in Achrafieh. During the upcoming assembly, the board will propose a dividend distribution (before taxes) as follow:

  • LBP200 to common shares;
  • USD8 to each of the preferred shares class 2008 and 2009;
  • LBP200 for Global Depositary Receipts (GDR)

Other matters listed on the assembly’s agenda (for common shareholders) include hearing the boards’ and auditors’ reports for fiscal year 2015, approving the allocation of results, approving the bank’s operations in 2015, authorizing the board to carry out the bank’s operations in 2016, determining the auditors’ remuneration for the fiscal year 2016, etc

Proposed Dividend distribution for the fiscal year 2015

Type of Share Amount
Common Shares LBP200
Preferred Shares $8
GDRs LBP200

 

Source: BSE

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