NBO BOARD RECOMMENDS 27% DIVIDEND

MUSCAT: The board of directors of National Bank of Oman (NBO) has recommended a cash dividend of 17 per cent and stock shares of ten per cent (one share for every ten shares held) of the paid-up capital of the bank.

According to an NBO filing with MSM on Thursday, the recommendation is subject to the approval of shareholders at the annual general meeting proposed to be held in March.

SOURCE: Muscat Daily