Mubasher: Al Ahli Bank of Kuwait (ABK) achieved an increase of 18.1% in profits during fiscal year 2018 compared to the previous year due to a higher operating income in FY18.
Earnings increased to KWD 42.12 million ($139.2 million) in FY18 from KWD 35.66 million ($117.8 million), according to a bourse statement on Tuesday.
During the fourth quarter of 2018, ABK recorded a growth of 11% in profits to KWD 15.06 million from KWD 13.57 million in Q4-17/
The board members of ABK have recommended distributing 14% of the capital as a cash dividend for FY18, or 14 fils per share at a total value of KWD 22.49 million.
