BLC General Assembly and Dividend Distribution for 2016
A general assembly was held at the bank’s headquarters on June 29th 2017 and discussed the following key items:
- The permits of articles 158 and 159 of the Commerce Law and the article 152 of the Code of Money and Credit.
- Auditors’ financial reports for the financial year 2016.
- Approval of BLC’s 2016 results, whereby profits for the year totaled LBP 66.93B ($44.4M).
The Committee allocated LBP 13.94B ($9.25M), which represents 20.82% of profits, as dividends to be distributed as follows:
| *Net Amount per share ($) | |
| Preferred Shares B | 6.65 |
| Preferred Shares C | 6.41 |
| Preferred Shares D | 1.75 |
*Dividend payment date is set for July 5th 2017
Source: BLC Bank, Beirut Stock Exchange
