Kuwait – Mubasher: Commercial Bank of Kuwait (CBK) shareholders will meet on 26 March to look into paying cash dividends at 13% of the share’s par value.
This payout amounts to 13 fils per share.
In April 2015, shareholders agreed to distribute cash dividends at 18% of the share’s par value, equivalent to 18 fils per share.
In the meeting, they will also resolve on the board proposal of issuing bonus shares at 6% of the capital (on a 6-for-100 basis) for the fiscal year 2015, according to a bourse filing.
CBK’s profit declined 6% in 2015 to KWD 46.2 million ($153.44 million) from KWD 49.1 million ($163.07 million) in 2014.
The bank’s stock stood today at 500 fils as 16 shares were traded through one transaction worth KWD 8 ($26.57).
