Mubasher: The Commercial Bank of Kuwait’s (CBK) ordinary general meeting (OGM) on Saturday approved distributing a cash dividend of 15% and bonus shares of 10% for fiscal year 2016.
The bank will pay 15 fils per share to the entitled shareholders, as well as distribute 10-for-100 shares for the fiscal year, according to a bourse statement issued on Sunday.
The CBK clarified that the capital will be raised to KWD 164.63 million from KWD 149.67 million.
During FY16, CBK’s profits increased by 9.13% to total KWD 50.4 million from KWD 46.2 million in FY15.
