Kuwait Insurance nods to 30 fils/shr dividend for FY19

The distributions will be paid after five business days following the maturity date

  

Kuwait - The ordinary and extraordinary general assembly meetings of Kuwait Insurance Company approved the proposed cash dividend distribution of 30 fils per share or 30% of the share’s nominal value for the fiscal year (FY) 2019, after excluding treasury stocks.

The eligibility date will be after 15 days, while the dividends will be paid after five business days following the eligibility date, according to a stock exchange statement on Wednesday.

In addition, shareholders consented to the suggested amendments on the company’s article of association.

It is worthy to highlight that in 2019, the insurance firm's profit increased by 6.3% to KWD 9.53 million from KWD 8.97 million.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities