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Jordan Kuwait Bank approves 20% dividends

Jordan Kuwait Bank approves 20% dividends
Photo Credit: Arabianeye-Reuters
Jordan Kuwait Bank
JOKB
1.47% 3.45 0.05

Amman-Mubasher: Jordan Kuwait Bank (JKB) shareholders approved to distribute a cash dividend of 20%, totalling JOD 20 million ($28.13 million), according to a filing to Amman Stock Exchange.

JKB previously reported a profit rise of 6% to JOD 50.19 million in 2014, compared to JOD 47.4 million in 2013.

The bank’s capital amounts to JOD 100 million, distributed on 100 million shares at JOD 1 par value.