AUB Kuwait to pay $5.5mln dividends to Ahli United Sukuk

The Sukuk is valued at $200mln

Image used for illustrative purpose.

Image used for illustrative purpose.

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Bahrain - Ahli United Bank – Kuwait (AUB Kuwait) will distribute the seventh periodic dividends worth $5.50 million to the permanent Sukuk shareholders of the Ahli United Sukuk Limited Company.

The total value of the Sukuk is $200 million, with a 5.50% annual return rate, for the period from 26 October 2019 to 25 April 2020, according to stock exchange statement on Thursday.

AUB Kuwait will distribute the dividends on the maturity date on 25 April or the first following business day.

It is noteworthy that in 2019, the bank logged 7.3% higher earnings at KWD 55.02 million from KWD 51.26 million in 2018.

Source: Mubasher

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