BH Bank to Issue Bonds and Distribute Dividends
BH Bank has decided to issue one or more bond loans and/or subordinated loans with a maximum amount of 150 million dinars, to be realized in one or more times within a period of three years. This decision, adopted unanimously during its Ordinary General Assembly (OGA), grants the Board of Directors the power to freely determine the terms of these issues, including the amounts, dates, rates, and terms, depending on the financial market conditions.
Other resolutions adopted during the OGA include the approval of dividend distribution of 400 millimes per share, amounting to a total of 19.04 million dinars, of which 3 million dinars are reserved for individual shareholders and exempt from tax, in accordance with Law No. 2013-54 on finance for 2014. These dividends will be available from May 12, 2025.
The Assembly also validated the reallocation of 3 million dinars, representing tax-exempt reserves for reinvestment constituted as of December 31, 2013, which are now distributable tax-free. The reported result before allocation of the 2024 result stands at 3.001 million dinars.
The distribution of the net profit of 70.4 million dinars for the 2024 fiscal year has been ratified: 19.04 million dinars will be paid to shareholders, 1 million dinars will go to the social fund, 364,000 dinars will go to the extraordinary reserve, and 53 million dinars will be allocated to the tax-exempt reinvestment reserve.
