Kuwait - Mubasher: The ordinary general meeting (OGM) of Kuwait International Bank (KIB) has approved the board of directors’ recommendation to distribute cash dividends at 10 fils per share, equivalent to 10% of the company’s capital.

The bank reported a decline in profits for the fourth quarter of 2017 by 10.6% year-on-year.

Earnings decreased to KWD 4.23 million ($14.15 million) in Q4-17 from KWD 4.73 million ($15.82 million) in Q4-16.