Bank ABC shareholders approve the payment of $93m cash dividend

MANAMA, March 26 -- The shareholders of the Bank ABC have approved the payment of cash dividend of $92.93million for the year 2018.

Dr Khalid Kawan, Group CEO Bank ABC told a Press conference held at the Bank's Headquarters that the shareholders during the Annual General Meeting (AGM) gave a nod for a cash dividend distribution of 3% (US$0.03 per share, net of treasury shares), equal to US$92.9million and translating to approximately 46% of the net profit for the year, attributable to the shareholders of the parent.

Bank ABC is well positioned to seek the enhancement of market share for its shareholders in 2019 despite challenging business climate in the wake of recent US Fed decision and looming fallout of the UK Brexit, adds Dr Khalid K...