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16 Mar 2011 07:00
Beirut, March 16, 2011
Announcement Issued by Bank Audi SAL - Audi Saradar Group
Dividend Distribution Proposal
In its meeting held on March 12, 2011, 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 rounded 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 06, 2011 to holders of common shares as at April 1, 2011 (record date), according to the records of Midclear S.A.L (The Central Depository).
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