Bank Islam Malaysia Berhad has declared an interim single-tier dividend in respect of the financial year 2022 of 10.40 sen per ordinary share, amounting to approximately RM224.15 million.
The group has also determined that the dividend reinvestment plan will apply to the entire Interim Dividend, providing the shareholders of BIMB with an option to elect to reinvest the Dividend into new ordinary shares of BIMB. Early this year, the Bank paid an interim dividend of 10.93 sen per ordinary share, amounting to RM226.9 million for the previous financial year.
- From the total dividend amount, approximately 12% or RM 27.6 million was distributed as cash dividend whilst the remaining 88%, amounting to RM199.3 million, was reinvested to subscribe for 79,396,600 new ordinary shares at RM2.51 each via the DRP. The new ordinary shares were listed on 21 January 2022.
- Group Chief Executive Officer, Mohd Muazzam Mohamed said, “We remain committed to realising our five-year business strategic plans to become the champion in Shariah-ESG total financial solutions with leadership in digital banking and social finance.”
- On the outlook, BIMB said it continues to build on its core strengths, sustaining its secured payment financing model while building strategic partnerships with targeted organisations. Adopting and focusing on customer-centricity, it looks to provide financial solutions across segments through its Retail Banking distribution and Premier Wealth Banking.
- The Bank has set an aspirational target to increase its green financing portfolio to RM4 billion by 2025. In achieving this, BIMB is actively pursuing climate finance by developing targeted products, including low-carbon transition financing for SMEs and ESG-linked financing for corporates embarking on business transformation towards low-carbon operations,” added Muazzam.
