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Sun 22 Mar 2009 09:12 AM

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Bank Muscat okays cash dividend, convertible bonds

Bank's shareholders approve 20% cash dividend for 2008 & convertible bonds issue.

Bank Muscat said on Sunday its shareholders had approved a 20 percent cash dividend for 2008 as well as a convertible bond issue comprising three bonds for each 100 shares held by investors.

"The bank's liquidity position has been strong and it would continue to focus on deposit mobilisation," the bank's Chairman Sheikh AbdulMalik Bin Abdullah Al Khalili said in a statement on the bourse website. (Reuters)

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