Kuwait - Mubasher: Gulf Insurance Group will hold its ordinary general meeting (OGM) on 2 April to discuss the board’s recommendation of distributing cash dividends for fiscal year 2016.
The board has proposed a cash dividend of 40% or 40 fils per share for FY16, according to a bourse statement issued on Tuesday.
During the fiscal year, profits decreased 14.8% to total KWD 12 million from KWD 14.09 million in FY15.
