The headquarters of the Bank of Baghdad
Economy News Baghdad:
The general assembly of the Bank of Baghdad, listed on the Iraqi Stock Exchange, approved the distribution of cash dividends of 7% of the capital to the shareholders with a total value of 17.5 billion dinars.
A statement by the Bank of Baghdad to the Stock Exchange on Wednesday that it was agreed to transfer the rest of the profits of the company for the year 2016 to the accumulated surplus.
The statement added that the General Assembly decided at its meeting to consider the cancellation of a number of investments with 81.28 million dinars, representing investments in 5 companies no longer exist in 2013.
The company’s current capital is 250 billion dinars, distributed over 250 billion shares at a nominal value of one dinar per share.