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KFH approves 20 fils/shr dividends for 2019

KFH approves 20 fils/shr dividends for 2019
A 10% bonus share distribution has also been approved
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Mubasher: The general assembly of Kuwait Finance House (KFH) on Monday approved the proposed cash dividend distribution of 20 fils per share or 20% of the share’s nominal value for the fiscal year (FY) 2019.

A bonus share distribution of 10% of the issued and paid-up share capital has been also approved, according to a bourse statement.

The distributions shall be to the shareholders registered on records at the end of the record date on 29 April and will be distributed on 4 May.

Moreover, the assembly approved a remuneration of KWD 941,850 to board members for 2019.

In addition, it agreed to increase KFH’s issued and paid-up capital by 10% to 7.67 million shares from 6.98 million shares and the authorised capital to 11.87 billion shares from 11.17 billion shares.

It is noteworthy that in 2019, KFH’s earnings leaped by 10.4% to KWD 251 million from KWD 227.4 million in 2018.