By: Ahmad Awad
Kuwait-Mubasher: Boubyan Bank’s shareholders agreed on distributing 5% cash dividends as well as 5% bonus shares for the fiscal year 2015.
The bank’s ordinary general meeting has approved, on Monday, the dividend payment at 5 fils per share with a total value of KWD 10.31 million ($34.29 million). Meanwhile, the bonus shares will be distributed on a 5-for-100 basis with an overall amount of 103.1 million shares.
Shareholders gave the go-ahead to the board to issue sukuk and finance bills that are compliant with Islamic sharia and capital adequacy ratio for Islamic banks (Basel III).
