By: Ahmad Awad
Kuwait-Mubasher: Kuwait Finance House’s (KFH) ordinary general meeting agreed on the proposed dividends for the fiscal year 2015.
KFH, Kuwait’s largest Islamic bank, will pay 17 fils to shareholders, with an overall value worth KWD 80 million ($267.3 million) which exceeds 55% of the bank’s net profits in 2015.
Shareholders agreed on distributing 10% bonus shares, with a total of 476.5 million shares.
The bank has achieved a 10% growth in profits of Q4 when it posted KWD 40.1 million ($133.2 million) as compared to KWD 36.3 million ($120.57 million).
