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National Bank of Oman proposes 17 pct cash div, 10 pct bonus shares
January 26, 2016 / 4:21 AM / 2 years ago

National Bank of Oman proposes 17 pct cash div, 10 pct bonus shares

DUBAI, Jan 26 (Reuters) - National Bank of Oman said on Tuesday its board was recommending paying a cash dividend of 17 percent for 2015 and a stock dividend of one free share for every ten held.

The proposed dividend, announced in a bourse filing, is the same as what the bank paid out the previous year.

The sultanate’s third-largest lender by assets reported a 29 percent jump in its fourth-quarter net profit earlier this month. (Reporting by David French; Editing by Miral Fahmy)

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