MANAMA: Al Baraka Banking Group (ABG) shareholders have approved the proposed distribution of profits for the financial year ended December 2019.
They have approved the transfer of 10 per cent of the net income amounting to $10,567,218 to the statutory reserve, the distribution of $24,857,595 as cash dividend to the shareholders amounting to two cents for each share equal to 2pc of the par value of the share, and the transfer of $70,247,367 to the retained earnings .