KFH to consider dividends distribution, capital raise

Kuwait-Mubasher: Kuwait Finance House (KFH) will hold its ordinary general meeting (OGM) on 21 March to discuss distributing cash dividends of 17% or 17 fils per share, according to a bourse statement.

The ordinary general meeting will also consider the distribution of 10% bonus shares with a total of 476.5 million shares.

On the same day, the extraordinary general meeting will be held to discuss increasing the capital, if the OGM approved the bonus shares proposal.

KFH stock levelled up 2% to settle at 510 fils during the mid-session of Monday.