Cairo – Mubasher: The ordinary general meeting of the National Bank of Kuwait – Egypt (NBK Egypt) approved the board’s recommendation of distributing EGP 1.25 per share as cash dividend for fiscal year 2018.
The EGP 112.5 million dividends will be paid on 17 April to the entitled shareholders of record date until 24 April, according to a bourse disclosure on Thursday.
The board members of NBK Egypt have proposed EGP 187.5 million worth of cash dividends for FY18 through two installments, the first batch is EGP 75 million, while the second installment is valued at EGP 112.5 million or EGP 1.25 per share.
The shareholders also approved electing a new board of directors for the coming three years from 2019 until 2022.
During FY18, NBK Egypt achieved EGP 2 billion earnings when compared to EGP 1.5 billion in FY17.
