Bank Muscat has proposed 30% dividend for the year 2015. Continuing the Bank's strong dividend payment track record, the board of directors have proposed 25% cash dividend for the year 2015 which is consistent with the cash dividend paid in the last five years. In addition, 5% dividend in the form of bonus shares has been proposed.

The bank has retained sufficient level of profits to further strengthen the capital base and be better positioned for possible future challenging market conditions. Shareholders would receive cash dividend of OMR 0.025 per ordinary share of OMR 0.100 each aggregating to OMR 57.29 million on bank's existing share capital. In addition, they would receive bonus shares in the proportion of one share for every 20 ordinary shares aggregating to 114,591,130 shares of OMR 0.100 each amounting to OMR 11.46 million.

The proposed cash dividend and issuance of bonus shares are subject to formal approval of the Annual General Meeting of the shareholders and the regulatory authorities.