Mubasher: The Commercial Bank of Kuwait (CBK) has approved distributing cash dividends and bonus shares for 2018.
CBK will distribute 20 fils each shares as cash dividends, representing 20% of capital, while bonus shares distribution will make up 10% of the capital at 10 shares per each 100 shares, according to Kuwait News Agency (KUNA).
These distributions are considered the highest over the previous ten years, chairman Ahmed Duaij Al Sabah said.
CBK last reported a growth of 15% in profits during fiscal year 2018, reaching KWD 63.75 million, compared to KWD 55.43 million in the prior year.
