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KIB approves dividends, bonus shares distribution

KIB approves dividends, bonus shares distribution
Kuwait International Bank
KIB
KIB
1.12% 181.00 2.00

Mubasher: Shareholders of the Kuwait International Bank (KIB) approved the recommendation of the board of directors to distribute cash dividends for 2019.

The approved dividends amount to 7 fils per share, representing 7% of the share’s par value, with a total amount of KWD 6.8 million, according to a bourse filing on Thursday.

The ordinary general meeting (OGM) also approved distributing 5% bonus shares at a total of 53.94 million shares.

Furthermore, the extraordinary general meeting (EGM) approved the board’s recommendation to raise capital to KWD 113.276 million, up from KWD 107.882 million.