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Jordan Arab Investment Bank's shareholders to get 12% cash dividends
By Petra - Mar 26,2015 - Last updated at Mar 26,2015
AMMAN — Jordan Arab Investment Bank’s general assembly on Thursday approved the distribution of cash dividends at a rate of 12 per cent to shareholders.
Chairman Ibrahim Bin Hmoud described 2014 as a decisive year in the bank’s march, since it managed to take over HSBC’s operations after competing with other Jordanian banks.
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AMMAN — The Housing Bank approved the distribution of cash dividends at a rate of 12 per cent of the share nominal value for the year 2020,
Arab Jordan Investment Bank (AJIB) on Monday signed an agreement to acquire HSBC Bank Middle East Limited banking business in Jordan. According to a statement issued by the AJIB, the bank’s business comprised at the end of September 2013 four branches with gross assets of about $1.2 billion.
The Arab Bank’s general assembly on Thursday approved the recommendation of its board of directors to distribute 24.5 per cent dividends to shareholders, 12 per cent of which in cash and two free shares for each 16 shares.