Mubasher: Boubyan Bank’s ordinary general meeting (OGM) on Sunday approved the 6% cash dividend recommended for fiscal year 2016.

The bank will pay 6 fils per share, with a total value of KWD 12.97 million, according to a bourse statement issued on Sunday.

Boubyan Bank’s shareholders nodded to 5% bonus shares or 5-for-100 shares, with a total of 108.3 million shares at a value of KWD 10.8 million.

During FY16, profits increased by 16.6% to KWD 41.07 million from KWD 35.24 million in the previous fiscal year.