Kuwait-Mubasher: Kuwait International Bank’s (KIB) ordinary and extraordinary general meetings approved on Sunday the board’s recommendation of distributing dividends for the fiscal year 2015.
KIB’s shareholders agreed on paying 9% cash dividends of the capital or 9 fils per share; the same dividends distributed in FY14.
It is noteworthy that the bank’s profits grew 17% to KWD 16.1 million in FY15, compared to KWD 13.7 million in FY14.
On the stock market’s level, KIB fell by 4% to settle at 192 fils at 10:07 am Kuwait local time on Monday.
