Mubasher: National Bank of Kuwait (NBK) reported on Monday a rise of 40% in its profits for the fourth quarter of the fiscal year 2016 to KWD 75.92 million ($248.15 million), versus KWD 54.24 million ($177.28 million) for Q4-15.
Profits for fiscal 2016 amounted to KWD 295.18 million, 4.6% up compared to KWD 282.16 million for fiscal 2015, according to a bourse statement.
The bank’s board recommended cash dividends at 30 fils per share and 5-for-100 bonus shares, subject to an approval by the general meeting to be held on 11 March.
NBK’s stock closed today’s session rising by 2.9% to 710 fils.
