Bank Muscat, Oman's largest lender by market value, cut the cash portion of its 2010 dividend by five percent on Thursday after an order from the Gulf state's central bank.
The Central Bank of Oman (CBO) decided to revise the dividend payout from 45 percent to 40 percent, Bank Muscat said in a statement.
The lender said 25 percent of the dividend will be paid in cash while the remaining 15 percent will be in the form of bonus shares. It had earlier proposed a 30 percent cash dividend.
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