By Ahmed Awad
Kuwait-Mubasher: The ordinary general meeting of National Bank of Kuwait (NBK) on Saturday gave the go-ahead for paying cash dividends for 2015 at 30 fils a share, totalling KWD 151 million ($498 million).
Shareholders also approved a 50% bonus share distribution at 5-for-100.
Kuwait's biggest bank in terms of assets posted net earnings of KWD 282.2 million, a rise of 7.8% compared with KWD 261.8 million a year earlier.
Shareholders also authorised the board to issue bonds in dinar or any other currency locally or overseas.
Meanwhile, the extraordinary meeting gave the green light for increasing issued and paid-up capital to KWD 529.17 million from KWD 503.97 million, through issuing bonus shares for 2015.
On Thursday, S&P affirmed the lender's credit rating at 'A+', with stable outlook.
Translated by Abdul Maguid Aboshahla
