Mubasher: Al Ahli Bank of Kuwait (ABK) achieved a sure of 1,021.2% in profits during the fourth quarter of 2016 to KWD 12.67 million ($41.46 million) from KWD 1.13 million ($3.7 million) in the same period a year ago.
During the fiscal year of 2016, earnings totaled KWD 32.47 million when compared to KD 30.36 million in FY15; a year-on-year growth of 7%, according to a bourse filing issued on Wednesday.
The board has recommended an 11% cash dividend or 11 fils per share for FY16.
At the stock level, ABK fell by 1.56% to 315 fils at Wednesday’s close, after about 11,130 shares were traded at a value of KWD 3,400.
