Mubasher: The shareholders of Kuwait International Bank (KIB) have approved the board’s recommendation to distributed 11% and 4% of the capital as cash dividend and bonus shares, respectively, for fiscal year 2018.

KIB will pay 11 fils per share as a dividend for FY18, at a total value of KWD 10.27 million, after excluding treasury shares, according to a bourse statement on Thursday.

The ordinary general meeting (OGM) also agreed to distribute 4-for-100 shares as a bonus for FY18, totaling 41.49 million shares to the entitled shareholders.

During FY18, KIB achieved a profit growth to KWD 20.89 million compared to KWD 17.7 million in FY17.