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Kuwait Insurance nods to 25 fils/shr dividends for FY17

Kuwait Insurance nods to 25 fils/shr dividends for FY17
The dividends are expected to be distributed on 11 April
KINS
KINS
-0.95% 520.00 -5.00

Mubasher: The ordinary general meeting (OGM) of Kuwait Insurance approved the board’s recommendation to distribute 25% of capital as a cash dividend for fiscal year 2017.

The insurance services provider plans to pay 25 fils per share as dividends for FY17 at a total value of KWD 4.62 million, according to a bourse statement on Wednesday.

The dividends are expected to be distributed on 11 April to the shareholders of records on 4 April.

During FY17, Kuwait Insurance achieved a profit of KWD 8.1 million against losses worth nearly KWD 594,700 in the prior year.