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BOP approves distributing 13.5% cash dividends for the year 2017 and raising the paid up capital to $250 million

2018-04-04

the general assembly of Bank of Palestine BOP approved, in its ordinary and extraordinary meeting on 29/03/2018, distributing 13.50% cash dividends to its shareholders for the year 2017, to record 5.06% dividends yield based on the entitlement date and 53.15% payout ratio based on the EPS of 2017. Also, the GA of the bank approved raising the paid up capital from $200 million to $250 million of the same nominal shares with the same conditions.