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FinancialNews
28-03-19
Oman's NBO allocates 16 percent cash dividend
(MENAFN) National Bank of Oman (NBO) handed out 16 percent of cash dividend by the end of last year, demonstrating a solid performance.
Meanwhile, the Omani bank's net profit for last year registered a jump by 15 percent from results seen a year earlier.
"Our financial results demonstrate that our strategy is leading us in the right direction. We have been agile in responding to challenges and we have successfully delivered a strong performance with high returns for shareholders," stated chairperson of NBO Sayyidah Rawan bint Ahmed al Said.
"This outcome is also valid for recent years where NBO underlined its reputation as a bank that consistently delivers one of the highest returns to its shareholders within the sultanate," al Said added.
MENAFN2803201900450000ID1098312610
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