Regulatory Alerts2021-01-19
Added · Updated
Circular on Distribution of Shareholder Dividends for 2021
The Central Bank of Jordan permits licensed Jordanian banks to distribute cash dividends to shareholders up to 12% of paid-up capital for the 2021 fiscal year. This authorization applies to banks that achieved profits in 2020 and ensures that dividend distributions do not violate regulatory capital adequacy or legal liquidity ratio requirements. The distribution remains subject to the board of directors' decision and the Central Bank's approval of the audited final financial statements.
Topics
Share