By: Ahmad Awad
Kuwait-Mubasher: Burgan Bank’s ordinary general meeting agreed on Wednesday to distribute cash dividends at 18% of capital or 18 fils per share for the fiscal year 2015.
The shareholders also authorised Burgan’s board of directors for issuing bonds in Kuwaiti dinar or any other currency.
During FY15, Burgan’s profits increased 23% to KWD 76 million ($252.07 million) as compared to KWD 61.8 million ($204.98 million) a year earlier.
On the stock market, Burgan ended Wednesday’s session with a rise of 1.45% to 350 fils, after 1.24 million shares were traded with a value of around KWD 432,800.
