Mubasher: The general assembly of Al Ahli Bank of Kuwait (ABK) agreed to distribute a cash dividend distribution of seven fils per share or 7% of the share’s nominal value for 2019.

The distribution will be to the shareholders registered on records at the end of the maturity date on 4 May 2020 and will be paid starting from 10 May, according to a statement to Boursa Kuwait on Tuesday.

In addition, the assembly discharged the board of directors from liability for 2019 and approved a remuneration of KWD 395,000 to board members.

It is worth pointing out that by 2019 year-end, ABK logged KWD 28.7 million profits, down by 32% from KWD 42.12 million in 2018.