BEIRUT: Four listed Lebanese banks have announced 2010 dividends distribution, namely Bank Audi s.a.l.-Audi Saradar Group, BLOM Bank, Byblos Bank and Bank of Beirut.

Bank Audi s.a.l.-Audi Saradar Group’s ordinary general assembly resolved to approve the bank’s accounts for the year 2010 and declare a gross distribution of dividends as follows: Holders of Series “D” Preferred Shares get $0.775 per share, while holders of Series “E” Preferred Shares get $4 per share.

Dividends were paid through Midclear S.A.L. starting April 6, 2011, for the holders of shares as of April 1, 2011, (Record Date), according to the records of Midclear S.A.L, and were subject to the 5 percent withholding tax.

BLOM Bank s.a.l.’s ordinary general assembly approved the board of directors’ proposal to distribute 2010 dividends as follows: Holders of Series “2004” Preferred Shares get $0.85 per share, while holders of Series “2005” Preferred Shares get $0.95 per share. Holders of Common Shares get LL675 per share. GDR Holders would receive the equivalent of LL675 per share in U.S. dollars.

Dividends were paid through Midclear S.A.L. starting April 20, 2011, for the holders of shares as of April 1, 2011 (Record Date), according to the records of Midclear S.A.L, and were subject to the 5 percent withholding tax.

Byblos Bank s.a.l.’s board of directors announced that it resolved to propose to the ordinary general assembly convened to meet on May 5, 2011, at the Bank’s head office, the distribution of dividends for the year 2010 as follows: Common Shareholders would get LL200 per share. Priority Shareholders would get an annual interest of 4 percent of the nominal value of the priority share (adjusted for the period extending from Jan. 01, 2010, to Dec. 10, 2010, and equivalent to LL46.2 per share) and LL200 per share. On the date of the ordinary general assembly, the priority shares would be automatically converted into common shares.

Furthermore, Preferred Shareholders (Class 2008 and 2009 shares) would each get $8 per share. Subject to the General Assembly’s approval, such dividends would be paid on or about May 11, 2011, after deducting the 5 percent withholding tax, to shareholders as of May 10, 2011, (record date), according to the records of Midclear (the Central Depository).

Share will trade ex-dividend starting May 6, 2011. GDR holders would get LP200 per share paid in U.S. dollars through the depositary The Bank of New York Mellon after deducting the 5 percent withholding tax and other expenses starting May 18, 2011, according to bank statements.

Bank of Beirut s.a.l.’s ordinary general assembly convened on April 08, 2011, approved the bank’s 2010 results and the board of directors’ proposal to distribute dividends as follows: Holders of Series “C” Preferred Shares would get $3.00 per share, holders of Series “D” Preferred Shares would get $2.25 per share, holders of Series “E” and “F” Preferred Shares would each get $2.00 per share. Holders of Common Shares would get LL650 per share.