KFH to distribute dividends, bonus shares

KFH to distribute dividends, bonus shares
Photo Credit: Press Release
KFIN KFIN -2.00% 592.00 -12.00

Kuwait - Mubasher: The general assembly of Kuwait Finance House (KFH) approved the distribution of cash dividends to shareholders at 17 fils per share, representing 17% of the company’s capital.

The bank added in a statement to Boursa Kuwait on Monday that the assembly also approved the board of directors’ recommendation to distribute bonus shares at 10% of capital, with a total of 524.15 million shares.

KFH’s capital totals KWD 524.15 million, distributed over 5.24 million shares, with a par value of 100 fils per share.

Last year, annual profits went up by 13.3% to KWD 165.23 million from KWD 145.84 million in FY15.

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Source: Mubasher