Affin Bank proposes RM400.21mil special dividend

President and group chief executive officer Datuk Wan Razly Abdullah

KUALA LUMPUR: Affin Bank Bhd has declared a special dividend amounting to RM400.21mil and an interim dividend of RM100.22mil.

The bank said the proposed special dividend was is subject to shareholders approval at the upcoming extraordinary general meeting.

"With the successful completion of our Affin Hwang Asset Management Bhd (AHAM) deal, Affin Bank would like to reward our valuable shareholders with a special dividend of approximately RM400.21mil (RM0.1809 per share) under the proposed special dividend and RM100.22mil (RM0.0453 per share) under the interim dividend,” president and group chief executive officer Datuk Wan Razly Abdullah said in a statement.

He added, the completion of this deal paves the way forward and put Affin Bank in a better position towards realising the aspirations of its A25 strategic plan.