Regulatory Alerts2020-04-09
Added · Updated
Circular on Postponement of 2019 Dividend Distribution for Licensed Jordanian Banks
The Central Bank of Jordan mandates that licensed Jordanian banks postpone the distribution of 2019 dividends to shareholders, deferring them to the 2020 final statements, and voids any prior approvals for such distributions. This directive applies specifically to licensed Jordanian banks, while explicitly exempting branches of foreign banks operating in the Kingdom from this restriction on profit transfers. The decision also permits Jordanian banks to continue distributing free shares to shareholders if deemed appropriate.
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