Latest decisions taken by the shareholders’ General Assembly Meeting:
-The 41th Shareholders Ordinary General Assembly Meeting was held on Thursday 24.04.2014, the decisions adopted were as follows:-
1.Approval of the Board’s Report for fiscal year 2013 , the Bank’s Financial Statements as of December 31,2013 and theBank’s Action Plan for the year 2014.
2.Approval of Board’s recommendation to distribute dividends to shareholders for the year 2013, at the rate of 30% of the share par value .
3.Election of Ernst & Young as External Auditors for the Bank’s accounts for the year 2014 with authorization tothe Board to decide their fees.
For viewing the “ General Assembly Meeting” minutes , please click here .
Other disclosure information:-
-The Bank distributed dividends for the year 2013 starting fromthe 5th of May 2014 at the rate of ( 30% ) of the share par value and this is to be applied on Shareholders as of 24.04.2014
-The Bank generated JD122.2 million pre-tax profit during the first 9 months of this year, 11 per cent higher than the JD110.2 million it recorded during the same period of last year. The January-September 2014 net profit after tax amounted to JD90.2 million, 14.5 per cent increase over the JD78.8 million posted during the first 9 months of 2013.