National Bank Of Oman Proposes 17% Cash Dividend, 10% Bonus Shares

NBO, earlier in January, posted a 29 per cent rise in fourth-quarter net profit, beating estimates.



National Bank of Oman’s (NBO) board of directors has recommended the lender pay a 2014 dividend of 17 per cent cash and 10 percent in bonus shares, according to a bourse filing on Thursday.

The lender paid a 15 per cent cash and 10 per cent bonus shares dividend for 2013.

NBO, earlier in January, posted a 29 per cent rise in fourth-quarter net profit, beating estimates.