Mubasher: Kuwait International Bank (KIB) will hold an ordinary general meeting (OGM) on 18 March to consider the proposed dividend payout for fiscal year 2016.
The recommended dividend represents 10% of the capital or 10 fils per share, according to a bourse statement issued on Monday.
During FY16, KIB achieved a growth of 13.8% in profits, reaching KWD 18.2 million from KWD 16 million in FY15.
