By: Ahmad Awad

Kuwait-Mubasher: Kuwait Reinsurance’s ordinary general meeting agreed on distributing 10% cash dividends or 10 fils per share for the fiscal year 2014.

The company’s insurance payments are expected to increase to KWD 40 million in 2015, compared to KWD 34 million in 2014, said the CEO Abdul-Amir Al-Muhanna.

The company has decreased its investments which reflected negative results from its markets in the Middle East region, according to a report issued by the company.

Reinsurance posted losses worth about KWD 54,210 ($182,390) in 2014, against earnings worth KWD 1.82 million ($6.12 million) in 2013.

The insurance firm’s capital amounts KWD 14.99 million, distributed on 149.99 million shares with a par value of 100 fils per share.