BRIEF-Egypt's Naeem Holding board approves capital increase
* Board approves issued and paid-up capital increase to $218.6 million from $198.7 million through bonus share issue Source: (http://bit.ly/2qvUGWl) Further company coverage: )
BEIRUT, March 21 Lebanon's Blom Bank is recommending a dividend of 1,500 Lebanese pounds ($1) per common share for 2016, up from 1,250 pounds a year earlier, after reporting a net profit of $463 million, it said in an emailed statement on Tuesday.
The proposal will be presented to the bank's annual general assembly on April 7, it said.
(Reporting by Angus McDowall; editing by Jason Neely)
DUBAI, May 28 Gulf stock markets may have a soft tone in thin trade on Sunday after global oil producers agreed after the close on Thursday to extend cuts in output by nine months to March 2018.