Kuwait Insurance nods to 30 fils/shr dividend for FY19
The distributions will be paid after five business days following the maturity date
By Staff Writer, Mubasher
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.
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