Kuwait – Mubasher: Al Ahleia Insurance posted a 32.7% year-on-year growth in net profits for the fourth quarter of 2015 to KWD 1.38 million ($4.61 million) from KWD1.04 million ($3.47 million).
The company’s annual profits jumped 31.3% to KWD11.19 million from KWD8.52 million in 2014.
The board of directors, which convened a meeting on 17 February, recommended paying cash dividends at 35%, or 35 fils a share, pending the approval of the general meeting and the regulatory bodies concerned.
The company earlier posted32.5% rise to KWD9.91 million in net profit for the first nine months of 2015, compared to KWD7.48 million for the year-ago period.
