Kuwait-Mubasher: The financial statements of Kuwait Reinsurance showed a turn to profits worth KWD 1.33 million ($4.44 million) in the fourth quarter in 2015, against losses of about KWD 335,000 ($1.12 million) in the same quarter in 2014.
The company has recorded earnings worth KWD 3.2 million during the fiscal year of 2015, against losses worth about KWD 15,800 in 2014, according to a bourse statement.
Kuwait Reinsurance’s board has recommended a distribution of 10% cash dividends or 10 fils per share for FY15, subject to the shareholders’ approval.
