The Board of Directors of Byblos Bank sal announced that it will propose to the Annual Ordinary General Assembly the distribution of LBP212 ($0.14) in dividends per share to holders of common shares, and of $8 (LBP12,060) per share to the holders of Preferred Shares Class 2008 and Preferred Shares Class 2009. Also, the Bank plans to pay in US dollars the equivalent of LBP212 per share to GDR holders through the Bank of New York Mellon. Upon the General Assembly's approval, the dividends on common and preferred shares will be paid starting on April 26, 2018 net of a 10% withholding tax, while those on GDRs will be disbursed starting on May 2, 2018 after deducting the withholding tax and other expenses. Byblos Bank's share capital consists of 565,515,040 common shares, 2,000,000 Class 2008 Preferred Shares and 2,000,000 Class 2009 Preferred Shares. 

In parallel, the Board of Directors of Byblos Bank sal invited the Bank's shareholders to attend the Annual General Assembly on April 20, 2018. The agenda of the meeting includes examining the Board of Directors' and the auditors' general reports for 2017, approving the financial statements of fiscal year 2017, granting clearance to the Chairman and Board members for their administrative duties during 2017, and determining the remuneration of the auditors and the emoluments of the Board members and members of Board Committees for 2017, among other tasks.