Byblos Bank understands that transparency alone is not enough if practical obstacles prevent Shareholders from quickly and easily accessing the information we provide. For this reason, we have dedicated multiple communication channels so that Shareholders can obtain both general and specific information at their own convenience. Click here to read our Shareholder Information Guidelines
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Byblos Bank currently has three types of shares in circulation: common, GDRs and preferred. While the common and preferred shares are traded on the Beirut Stock exchange, GDRs are traded on both the Beirut Stock Exchange and the London Stock Exchange.
The capital of the Bank is divided into 569,515,040 shares with a par value of LBP 1,210, consisting of:
On 6 February 2009, the Bank entered into a depositary agreement with The Bank of New York Mellon (acting as depositary) and established a Global Depository Receipts Program pursuant to which holders of common shares were given the option to deposit their common shares for the issuance of GDSs at a ratio of 50 common shares per GDS. GDSs, representing currently around 8% of the common shares, were issued under the GDR Program and admitted to trading on the London Stock Exchange’s Main Market on 19 February 2009, making the Bank the first Lebanese bank to obtain a listing on the Official List of the United Kingdom Listing Authority in 12 years.
On 15 August 2008, and based on the decision of the Extraordinary General Assembly held on 18 July 2008, the Bank issued Series 2008 Preferred Shares according to the following terms:
Number of shares: 2,000,000
Share’s issue price: USD 100
Share’s nominal value: LBP 1,210
Benefits: Non-cumulative annual dividends of USD 8.00 per share, subject to the availability of non-consolidated distributable net profits.
Repurchase right: Redeemable (at a date subsequent to the approval of 2013 accounts by the General Assembly) at the Bank’s option at the issue price plus any declared but unpaid distributions for all the years preceding the year of the call, with the condition that at least 25% of the original number of the preferred shares are called each time.
On 4 September 2009, and based on the decision of the Extraordinary General Assembly held on 1 August 2009, the Bank issued Series 2009 Preferred Shares according to the following terms:
Share’s issue price: USD 96
Repurchase right: Redeemable (at a date subsequent to the approval of 2014 accounts by the General Assembly) at the Bank’s option at USD 100 plus any declared but unpaid distributions for all the years preceding the year of the call, with the condition that at least 25% of the original number of the preferred shares are called each time.
The Ordinary General Assembly held on 17 April 2019 at the Bank’s Headquarters, approved the distribution of dividends for the year 2018 as follows: For Common Shareholders:
For Preferred Shareholders:
Such dividends will be paid on or about 25 April 2019 after deducting the withholding tax (of 10%), to shareholders as at 24 April 2019 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 18 April 2019. For GDR holders:
Invitation to the General Assembly of Preferred Shares Holders
The holders of Byblos Bank S.A.L. preferred shares are invited to attend the general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:00 am on Wednesday 12 July 2023, in order to discuss and decide on the matters listed on the following agenda:
1- To hear the general and special Board reports for the fiscal year 2022. 2- To hear the auditors’ general and special reports for the fiscal year 2022. 3- To advise on the accounts of the fiscal year 2022 and on the allocation of its results. 4- To advise on the discharge of the Chairman and Board members for their administrative duties during the fiscal year 2022. 5- To advise on the operations performed between the persons mentioned in article 158 of the Code of Commerce and the Bank during the fiscal year 2022 and on the contractual terms of these persons and the Senior officers of the Bank, and on the authorization to be given to these persons, in accordance with Articles 158 and 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2023 all the operations described in the special report of both the Board of Directors and the auditors. 6- To advise on the determination of the auditors’ remuneration for the fiscal year 2023 and on the directors and Board Committee members’ emoluments for the fiscal year 2023. 7- To advise on the acquisition of the assets, rights, liabilities and obligations of Byblos Invest Bank SAL in accordance with article 10 of the law 192/93. 8- Miscellaneous
Invitation to the Annual Ordinary General Assembly of Common Shares holders
The shareholders of Byblos Bank SAL are invited to attend the annual ordinary general assembly to be held at the Bank headquarters in Ashrafieh, Elias Sarkis Avenue,at 09:30 am on Wednesday 12 July 2023 in order to discuss and decide on the matters listed on the following agenda:
1- To hear the general and special Board reports for the fiscal year 2022.
2- To hear the auditors’ general and special reports for the fiscal year 2022.
3- To approve the accounts of the fiscal year 2022 and the allocation of its results.
4-To discharge the Chairman and the Board members for their administrative duties during the fiscal year 2022.
5- To approve the operations performed between the persons mentioned in article 158 of the Code of Commerce and the Bank during the fiscal year 2022 and the contractual terms of these persons and the Senior officers of the Bank, and to authorize these persons, in accordance with Articles 158 and 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2023 all the operations described in the special report of both the Board of Directors and the auditors.
6- To determine the Auditors’ remuneration for the fiscal year 2023 and the Board of Directors and Board Committee members’ emoluments for the fiscal year 2023.
7- Miscellaneous
The balance sheet, inventory, profit and loss account for the fiscal year 2022, general and special reports of both the Board and the auditors for the fiscal year 2022, consolidated profit and loss account, consolidated balance sheet and relevant auditors’ report, as well as the list of the shareholders will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 25 days before the meeting.
Invitation to the Extraordinary General Assembly of Common Shares holders
The shareholders of Byblos Bank SAL are invited to attend the extraordinary general assembly to be held at the Bank headquarters in Ashrafieh, Elias Sarkis Avenue, at 10:30 am on Wednesday 12 July 2023, in order to discuss and decide on the matters listed on the following agenda:
1- To approve the acquisition of the assets, rights, liabilities and obligations of Byblos Invest Bank SAL in accordance with article 10 of the law 192/93 2- Miscellaneous