ABK shareholders endorse 10% cash dividends for 2015

By Ahmed Awad

Kuwait – Mubasher: The ordinary general meeting of Al Ahli Bank of Kuwait (ABK) gave a nod on Saturday to the distribution of cash dividends for 2015 at 10% of capital, or 10 fils per share.

The approved dividends total KWD 16.2 million, or 53% of the bank's net profit for 2015.

ABK earlier posted a 19.2% fall in FY15 net profit to KWD 30.36 million, from KWD 37.59 million in 2014.

Translated by Sayed Abdel Rahman

MUBASHER Contribution Time: 26-Mar-2016 10:33 (GMT)