Mubasher: Kuwait International Bank (KIB) will hold its ordinary general meeting (OGM) on Saturday, 24 March, to discuss the board’s recommendation of distributing dividends for fiscal year 2017.
The board members have proposed 10% of capital or 10 fils per share as cash dividends for FY17, according to a recent bourse filing.
During FY17, the bank recorded a decline of 2.8% in profits to KWD 17.7 million compared to KWD 18.2 million in FY16.
At the stock level, KIB closed Sunday’s trading session 0.43% higher at 235 fils after 1.53 million shares were exchanged.
