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AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-03

The general assembly of the Arab Islamic Bank AIB approved, in its meeting on 02/04/2017, distributing 12% cash dividends for the year 2016, to record dividends yield of 6.49% and payout ratio of 96.77%. It also approved raising the paid up capital by $25 million through secondary subscription at the price $1.25 , to reach $75 million.