Mubasher: The Central Bank of Bahrain (CBB) has rejected the recommendation made by GFH Financial’s shareholders to raise the cash dividend for fiscal year 2016, according to a bourse statement issued on Wednesday.
GFH’s ordinary general meeting (OGM) has proposed raising the dividend payout to 12% of the capital.
The company, which is listed on Boursa Kuwait, the Bahrain Bourse, and the Dubai Financial Market (DFM), will distribute 10% cash dividends and 10% bonus shares for the fiscal year, as previously approved by the OGM held on 1 March.
