Kuwait Insurance Co starts dividend payment

KUWAIT CITY, March 22: The Kuwait Stock Exchange (KSE) announces that the Burgan Bank will start distributing 5 percent bonus shares to shareholders who attended the General Assembly Meeting on March 15. The dividends must be collected from the Kuwait Clearing Company, Ahmed Tower beginning March 22, 2011.

The Kuwait Stock Exchange (KSE) announces that the Kuwait Insurance Company will start distributing 20 percent cash profits to shareholders recorded in the General Assembly meeting which was held on 13.03.2011. The dividends must be collected from the Kuwait Clearing Company, Ahmed Tower beginning, March 22, 2011.

The Kuwait Stock Exchange (KSE) announces that the Board of Directors of the Livestock Transport and Trading Company will meet on Thursday, 3/24/2011 at 1:30 pm sharp to discuss the annual financial statements of the company for the financial year ended 31.12.2010.

The Kuwait Stock Exchange (KSE) announces that the Board of Directors of Heavy Engineering Industries & Shipbuilding will meet on Monday, 28/03/2011 at 13:00, to discuss the annual financial statements of the company for the financial year ended 31.12.2010.

According to the Kuwait Stock Exchange (KSE) the Safwa Holding Group Company disclosed that Shaheen Ahmed Al-Shaheen has been appointed member of the Board of Directors of the Kuwait Industries Holding Company. He replaces Mohamed Ali Al-Naqi.

The company also said Basem Al-Muzaffar will replace Azzam Abdulaziz Ibrahim Al-Flaij on the Board of Directors of Al-Tamam International General Trading & Contracting Co.

Meanwhile, Adel Adel Youssef Saq'abi has resigned from the company as the Managing Director, but is a member of the Board of Directors. The Board has decided to appoint Adel Youssef Saq'abi as Chief Executive Officer of the company.

Union Real Estate Company announced that its Ordinary Annual General Meeting will be held on April 6, 2011 to discuss the recommendation to distribute cash dividends of 7 percent at 7 fils per share

Al-Ahli Bank of Kuwait announced the start of 20 percent cash dividends dividend distributions, which was approved on the bank's AGM, effective March 21, 2011 at Kuwait Clearing Company

Flex Resorts & Real Estate Company announced that its Board of Directors will meet on March 30, 2011 to discuss the company's financial statements for the year ended Dec 31, 2010.

© Arab Times 2011