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QUDS proposes distributing 3.70% stocks dividends and 6.50% cash dividends for 2021 in addition to issuing perpetual bonds worth $15.00 million

2022-04-12

The board of directors of Al-Quds Bank QUDS proposed to the general assembly, which will be holding a meeting on 26/04/2022, raising the paid-up capital from $96.43 million to $100.00 million through distributing 3.70% stocks dividends for the shareholders for the year 2021. It also proposed distributing 6.50% cash dividends for the year 2021, to record dividends yield of 3.94% based on the current market price. On another hand, the board of directors also proposed issuing perpetual bonds worth $15.00 million to support the first tranche of capital over the years 2022 to 2021 and appoint the executive management to complete all necessary legal procedures.