Jaiz Bank Plc announces final dividend of 3 kobo for FY 2019

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Jaiz Bank Plc has proposed that a dividend payment of N0.03 kobo per 50 kobo ordinary share, subject to withholding tax and approval, will be paid to shareholders whose names appear on the Register of Members on Friday, 26^th June, 2020.

Date of payment: On 16th July 2020, dividends will be paid electronically to shareholders whose names appear in the Register of Members as at 26th June 2020, that have completed the e-dividend registration, and mandated the registrar to pay their dividends directly into their bank accounts.

Date of the Meeting: The company’s Annual General Meeting will be held at Transcorp Hilton, 1 Aguiyi Ironsi Street, Maitama-FCT Abuja on Thursday 16^th July, 2020, 11am.

Closure of Register: The register of shareholders shall be closed from Monday, 29^th June to Friday, 3^rd July, 2020.

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Jaiz Bank Plc, a Nigerian-based non-interest (Islamic) bank, declared a Profit after Tax of N2.4 billion in its audited financial results for the year 2019.

This shows a surge of 193% from N834.4 million recorded in the corresponding period of 2018.

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The bank also declared a 135% surge in Profit before Tax for the period under review from N879.7million recorded in FY ’18 to N2.1 billion as at FY ’19.

Highlights of the audited financial statement also showed that Gross Income grew by 80% to N13.5billion in FY 2019, from N7.5billion recorded in FY 2018, while Total Assets gained 54% to N167.27 billion in FY 2019 from N108.46 billion recorded in FY 2018.