Mubasher: The ordinary general meeting (OGM) of Ahli United Bank (AUB) approved the board’s recommendation of distributing cash dividends and bonus shares for fiscal year 2016, according to a recent statement.
AUB, which is listed on both Boursa Kuwait and the Bahrain Bourse (BHB), will pay 18% cash dividends or 4.5 cents per share, as well as 10% bonus shares or a share per 10 shares for FY16.
During the fiscal year, AUB’s profits increased by 6.2% to $570.6 million from $537.2 million in FY15.
