Mubasher: Al Ahleia Insurance on Wednesday said the company’s general assembly had approved the board’s recommendation to distribute a cash dividend of 35 fils per share, or 35% of the share’s nominal value, for 2018, after excluding treasury stocks during a meeting held in the previous day.
The general assembly also nodded to deduct KWD 1 million to be added to its reserves, according to a statement to Boursa Kuwait.
The Kuwaiti insurer last reported a 15.8% growth in profits to KWD 1.76 million during the fourth quarter of 2018, from KWD 1.52 million in Q4-17.
