Bank Dhofar, the second-largest lender in the sultanate by assets, has proposed paying a dividend of 15 per cent cash plus 10 per cent bonus shares for 2015.

The dividend is subject to shareholder and regulatory approval, the lender said in a statement on Wednesday.

For 2014, the bank proposed a cash dividend of 5 per cent, plus a bonus share issue of 15 per cent.

Bank Dhofar earlier this month posted a 32 per cent rise in fourth-quarter net profit of RO13.4 million ($34.84 million), according to Reuters calculations.-Reuters