Kuwait-Mubasher: The National Bank of Kuwait (NBK) will hold ordinary and extraordinary general meetings on 19 March to discuss the distribution of FY15 dividends as well as capital increase and bonds issuance, the company said in an issued statement.
NBK’s board has proposed distribution of 30% cash dividends or 30 fils per share and 5% bonus shares or 5-for-100 shares.
Kuwait’s leading bank said that shareholders will mandate the board for issuing all types of bonds inside and outside the country in Kuwaiti dinar or any other currency.
The EGM will discuss increasing the issued and paid-up capital to KWD 529.17 million from KWD 503.97 million, by issuing bonus shares with a value worth KWD 25.19.
NBK added that the raise will be subject to the authorized capital to stand at KWD 600 million distributed on 6 billion shares with a par value of 100 fils per share.
