BLOM Bank agrees on dividend distribution
The General Assembly of Lebanon's Banque du Liban et D'Outre-Mer (BLOM) has decided to distribute, on a gross basis, dividends of 19,967 Lebanese pounds ($13.18) per preferred share and LP 3,000 per common share, reported Blominvest.
Dividend payments will total $46.5 million on net profits of $88.3 million for 2003. The Beirut-based BLOM Bank was founded in 1951 and is considered to be the largest bank in Lebanon since 1981. — (menareport.com)
© 2004 Mena Report (www.menareport.com)