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Bank of Baghdad decides to distribute cash dividends of 7.5%
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Economy News - Baghdad
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Added 11/22/2023 - 11:34 AM
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Part of the general body meeting at Al-Alawiya Club
Part of the general body meeting at Al-Alawiya Club
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Economy News - Baghdad
Today, Wednesday, the General Authority of the Bank of Baghdad decided to distribute cash dividends of 7.5% and increase capital by 20% through free shares to shareholders.
The head of the Iraqi Stock Exchange Investors Association, Alaa Al-Moussawi, told Al-Eqtisad News, “The General Assembly held its meeting today, Wednesday, at the Al-Alawiya Club.”
Al-Moussawi added, “The meeting included the following: discussing the Board of Directors’ report, the auditor’s report, and the final accounts for the year 2022 and approving them unanimously, unanimously approving the increase in the bank’s capital from 250 billion to 300 billion dinars in accordance with Article 55/Second (Capitalization), and unanimously approving the Distribution of cash dividends of 7.5% of capital.
The meeting also included, “discharging the Chairman and members of the Board of Directors from their liabilities, rewarding them, and electing a new Board of Directors.”
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Added 11/22/2023 - 11:34 AM
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