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The Board of Directors of Aluminium Bahrain B.S.C. (Alba) resolved on 02 February 2023 to recommend a cash dividend of 117.58% of nominal value, or Fils 117.58 per share, for the year ended 31 December 2022. This proposed distribution, totaling BD166,306,000, is subject to shareholder approval at the Annual General Meeting on 26 February 2023, with a payment date of 20 March 2023, subject to CBB approvals.
| Date | 2 Feb 2023 |
| Time | 15:33:52 |
| Category | Capital structure |
| ID | 7862O |
Aluminium Bahrain B.S.C. (Alba)
Recommendation of Declaration of Cash Dividends
The Board of Directors of Aluminium Bahrain B.S.C. (Alba) resolved during the Board meeting on Thursday 02 February 2023, to recommend the distribution of cash dividend for the year ended 31 December 2022 to the shareholders whose names are registered on the Company's register on the Record Date. This is subject to the approval of the Company's shareholders at the upcoming Annual General Meeting on 26 February 2023. The proposed distribution is as follows:
Cash Dividend: 117.58 % of share nominal value, equivalent to Fils 117.58 per share amounting to BD166,306,000 (the proposed annual cash dividend includes the interim dividends of Fils 31.88 per share which was already distributed to the shareholders by 01 September 2022).
Below are the key dates to be taken note of:
|
Event |
Date |
|
General Meeting Date (Shareholders' approval date) |
26 February 2023 |
|
Cum-Dividend Date (Last day of trading with entitlement to dividends) |
02 March 2023 |
|
Ex-Dividend Date (First day of trading without entitlement to dividends) |
05 March 2023 |
|
Record Date (The Day on which all shareholders whose names are on the share register will be entitled to dividends) |
06 March 2023 |
|
Payment Date (The Day on which the dividends will be paid to the entitled shareholders subject to CBB approvals) |
20 March 2023 |
http://www.rns-pdf.londonstockexchange.com/rns/7862O_1-2023-2-2.pdf
Daij bin Salman bin Daij Al Khalifa
Chairman
02 February 2023