Kuwait – Mubasher: Warba Insurance Company’s ordinary general meeting (OGM) approved on Tuesday unchanged cash dividends at 10% of the share’s par value, equivalent 10 fils per share, for the fiscal year 2015.
Warba is capitalised at KWD 17.28 million ($57.37 million) distributed across 172.8 million shares with a nominal value of 100 fils per share.
The Kuwait-listed company’s profit rose last year by 9.3% to KWD 1.64 million ($5.44 million) from KWD 1.5 million ($4.97 million) in 2014.
Shareholders also elected new board members for the next three years.
The company’s stock rose in today’s trading by 1.75% to 116 fils as 2,000 shares were exchanged at KWD 232 ($770).
