Kuwait-Mubasher: Kuwait Reinsurance’s ordinary general meeting agreed on the dividends proposed by the board for the fiscal year 2015, according to a bourse statement.
The company’s shareholders approved the payment of 10% cash dividends or 10 fils per share for last year, unchanged from 2014.
During FY15, the firm achieved profits worth KWD 3.2 million, against losses worth about KWD 15,800 in FY14.
Kuwait Reinsurance stock will trade ex-dividend starting from 13 April.
The stock was last traded on 26 November, 2015 when it fell by 2.91% to 200 fils.
