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Byblos Bank

Investor Relations

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Shareholder Information

Byblos Bank understands that transparency alone is not enough if practical obstacles prevent Shareholders from quickly and easily accessing the information we provide. For this reason, we have dedicated multiple communication channels so that Shareholders can obtain both general and specific information at their own convenience. Click here to read our Shareholder Information Guidelines


To help us honor our commitment to transparent and timely communication with our Shareholders, please fill in the form below to start receiving relevant updates about the Bank’s financial performance, business partnerships, and other commercial activities.



 

Share Types

Byblos Bank currently has three types of shares in circulation: common, GDRs and preferred. While the common and preferred shares are traded on the Beirut Stock exchange, GDRs are traded on both the Beirut Stock Exchange and the London Stock Exchange. 

The capital of the Bank is divided into 569,515,040 shares with a par value of LBP 1,210, consisting of:

  • 565,515,040 Common Shares (out of which ˜ 8% GDRs)
  • 2,000,000 Series 2008 Preferred Shares 
  • 2,000,000 Series 2009 Preferred Shares 

 

Global Depository Receipts (GDRs)

On 6 February 2009, the Bank entered into a depositary agreement with The Bank of New York Mellon (acting as depositary) and established a Global Depository Receipts Program pursuant to which holders of common shares were given the option to deposit their common shares for the issuance of GDSs at a ratio of 50 common shares per GDS. GDSs, representing currently around 8% of the common shares, were issued under the GDR Program and admitted to trading on the London Stock Exchange’s Main Market on 19 February 2009, making the Bank the first Lebanese bank to obtain a listing on the Official List of the United Kingdom Listing Authority in 12 years. 

 

Series 2008 Preferred Shares

On 15 August 2008, and based on the decision of the Extraordinary General Assembly held on 18 July 2008, the Bank issued Series 2008 Preferred Shares according to the following terms:

Number of shares: 2,000,000

Share’s issue price: USD 100

Share’s nominal value: LBP 1,210

Benefits: Non-cumulative annual dividends of USD 8.00 per share, subject to the availability of non-consolidated distributable net profits.

Repurchase right: Redeemable (at a date subsequent to the approval of 2013 accounts by the General Assembly) at the Bank’s option at the issue price plus any declared but unpaid distributions for all the years preceding the year of the call, with the condition that at least 25% of the original number of the preferred shares are called each time.

 

Series 2009 Preferred Shares

On 4 September 2009, and based on the decision of the Extraordinary General Assembly held on 1 August 2009, the Bank issued Series 2009 Preferred Shares according to the following terms:

Number of shares: 2,000,000

Share’s issue price: USD 96

Share’s nominal value: LBP 1,210

Benefits: Non-cumulative annual dividends of USD 8.00 per share, subject to the availability of non-consolidated distributable net profits.

Repurchase right: Redeemable (at a date subsequent to the approval of 2014 accounts by the General Assembly) at the Bank’s option at USD 100 plus any declared but unpaid distributions for all the years preceding the year of the call, with the condition that at least 25% of the original number of the preferred shares are called each time.


Byblos Bank Prospectuses 

Dividends

The Annual Ordinary General Assembly held on 20 April 2018 at the Bank’s Headquarters, approved the distribution of dividends for the year 2017 as follows:

For Common Shareholders:

  • LBP 212 per share (LBP 190.8 net of 10% withholding tax)

 

For Preferred Shareholders:

  • Class 2008: USD 8 per share; (USD 7.2 net of 10% withholding tax)
  • Class 2009: USD 8 per share; (USD 7.2 net of 10% withholding tax)

 

Such dividends will be paid on or about 26 April 2018 after deducting the 10% withholding tax, to shareholders as at 25 April 2018 (record date), according to the records of Midclear (the Central Depository). 

For GDR holders:

  • LBP 212 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, on or about 02 May 20218 after deducting the 10% withholding tax and other expenses.

General Assemblies

Invitation to the Annual Ordinary General Assembly of Preferred Shares Holders.

 

The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:00 AM on Friday 20 April 2018, in order to discuss and decide on the matters listed on the following agenda:

 

1- To hear the general and special Board reports for the fiscal year 2017.
2- To hear the auditors’ general and special reports for the fiscal year 2017.
3- To advise on the accounts of the fiscal year 2017 and on the allocation of its results.
4- To advise on the discharge of the Chairman and Board members for their administrative duties during the fiscal year 2017.
5- To advise on the election of a new Board of Directors.
6- To advise on the operations performed between the Board members and the Bank during the fiscal year 2017 and on the authorization to be given to the Board members, in accordance with Articles 158 and 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2018 all the operations described in the special report of both the Board of Directors and the auditors.
7- To advise on the appointment of the Auditors for 2018, 2019 and 2020.
8- To advise on the determination of the auditors’ remuneration and the directors and Board Committee members’ emoluments for the fiscal year 2018. 
9- Miscellaneous

 

The balance sheet, inventory, profit and loss account for the fiscal year 2017, general and special reports of both the Board and the auditors for the fiscal year 2017, consolidated profit and loss account, consolidated balance sheet and relevant auditors’ report, as well as the list of the holders of the preferred shares will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.

 

Invitation to the Annual Ordinary General Assembly of Common Shares Holders

 

The shareholders of Byblos Bank SAL are invited to attend the annual ordinary general assembly to be held at the Bank headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:30 am on Friday 20 April 2018, in order to discuss and decide on the matters listed on the following agenda:

 

1- To hear the general and special Board reports for the fiscal year 2017.
2- To hear the auditors’ general and special reports for the fiscal year 2017.
3- To approve the accounts of the fiscal year 2017 and the allocation of its results.
4- To discharge the Chairman and the Board members for their administrative duties during the fiscal year 2017.
5- To elect a new Board of Directors.
6- To approve the operations performed between the Board members and the Bank during the fiscal year 2017 and to authorize the Board members, in accordance with Articles 158 and 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2018 all the operations described in the special report of both the Board of Directors and the auditors.
7- To appoint the Auditors for 2018, 2019 and 2020.
8- To determine the Auditors’ remuneration and the Board of Directors and Board Committee members’ emoluments for the fiscal year 2018. 
9- Miscellaneous

 

The balance sheet, inventory, profit and loss account for the fiscal year 2017, general and special reports of both the Board and the auditors for the fiscal year 2017, consolidated profit and loss account, consolidated balance sheet and relevant auditors’ report, as well as the list of the shareholders will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.


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