Mubasher: Al Ahleia Insurance achieved an increase of 15.8% in profits during the fourth quarter of 2018 compared to the corresponding period last year.
Earnings grew to KWD 1.76 million ($5.8 million) in Q4-18 from KWD 1.52 million ($5 million) in Q4-17, according to a bourse statement on Monday.
During fiscal year 2018, the insurance company registered a rise of 10.2% in profits to KWD 9.49 million from KWD 8.61 million in FY17.
The board members of Al Ahleia Insurance recommended distributing 35% of capital as cash dividends for FY18 or 35 fils per share at a total value of KWD 7 million.
