Gulf Hotels Group B.S.C. (BHOTEL) Cash Dividend & Bonus Share Recommendation

Thursday, February 16, 2017 09:04 AM

Gulf Hotels Group B.S.C. (BHOTEL) Cash Dividend & Bonus Share Recommendation

The Board of Directors (BOD) of  Gulf Hotels Group B.S.C. agreed in its meeting held on  Wednesday 15/2/2017, to recommend the following distribution to its shareholders registered on the date of the AGM (the record date):

·        To distribute cash dividend of 25% of the share nominal value i.e. 25 fils per share.

·        Bonus share of 10%, one share for every 10 held.

Please note that the above recommendations are subject to approval by the Relevant Regulators.