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Burgan Bank to distribute dividends of FY14 Thursday

Burgan Bank to distribute dividends of FY14 Thursday
Photo Credit: Arabianeye-Reuters
BURG
BURG
-1.11% 178.00 -2.00

Burgan Bank approved the board’s proposal to distribute a cash dividend of 15% and a bonus share of 5% or five shares per each 100 shares for the fiscal year of 2014.

Burgan has set the distribution date to be Thursday, 26 March.

The bank’s net profit totaled KWD 61.8 million (about $208.1 million) in 2014, and the earning per share increased to 37.6 fils.

Burgan Bank’s capital stands at KWD 195.17 million, distributed on 1.95 billion shares with a par value of 100 per share.