Mubasher: Distributing cash dividends to the shareholders of Warba Bank is expected to be hard this fiscal year 2018 in line with the increase of its capital, the CEO of Warba Bank Shaheen Hamed Al Ghanim said.
Banks tend to raise its cash flow once they cannot operate surplus, Al Ghanim added, according to a press release on Monday.
Warba Bank’s electronic rights issue is the first in Kuwait; this electronic subscription will be in cooperation with Kuwait Clearing company, the CEO said.
The rights issue will be in two tranches, the first includes 16,500 shares.
Al Ghanim expected Warba Bank to acquire a new market share in the field of finance after the capital hike.
