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21 Mar 2012 18:06
Beirut, March 21, 2012
Announcement Issued by Bank Audi SAL - Audi Saradar Group
Dividend Distribution Proposal
In its meeting held on March 15, 2012, the Board of Directors of Bank Audi S.A.L.- Audi Saradar Group resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share.
Subject to the General Assembly's approval, such dividends will be paid on or about April 12, 2012 to holders of common shares as at April 5, 2012 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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