BEMO Bank Approved the Distribution of 2018 Dividends to Preferred Shareholders

The ordinary general assembly of BEMO Bank convened on May 06, 2019 to approve the distribution of dividends to the holders of “BEMO Preferred 2013 shares” as per the details below:

• Gross dividends: $2.45M
• $7 per “BEMO Pref. 2013 share” (or $6.30/share, net of 10% distribution tax applicable)
• Pay out Date: Starting June 10, 2019
• Record Date: May 14, 2019

Performance of BEMO Preferred 2013 Shares

Source: Beirut Stock Exchange