By Ahmed Awad

Kuwait-Mubasher: Shareholders of Ahli Bank of Kuwait (ABK) gave the go-ahead for paying cash dividend for the fiscal year 2014 at 13% of the stock's par value, or 13 fils per share.

The lender posted earnings of KWD 37.59 million (nearly $127 million) for 2014, rising around 6.1% compared with KWD 35.43 million a year earlier.

Shareholders also approved issuing bonds in dinar or any other currency by nearly KWD 150 million. They mandated the board to define the par value of these bonds and the interest rate.

ABK operates with KWD 161.9 million capital, divided into 1.6 billion shares at 100 fils par value each.   

Translated by Abdul Maguid Aboshahla