Cairo – Mubasher: National Bank of Kuwait - Egypt (NBK) on Thursday said that its board of directors recommended a cash dividend distribution of EGP 1.25 per share to shareholders for 2018.
A total dividend of EGP 187.5 million will be paid in two tranches with the first amounts to EGP 75 million, while the second stands at EGP 112.5 million, the lender said in a statement to the Egyptian Exchange (EGX).
NBK Egypt’s capital amounts to EGP 1.5 billion distributed over 150 million shares at a par value of EGP 10 per share.
On Wednesday, the Egyptian unit of NBK reported a 33.22% year-on-year increase in net profits for the full year of 2018, recording EGP 2.002 billion ($114.2 million).
NBK Egypt’s assets rose 24.56% to EGP 73.5 billion last year, compared to EGP 59.01 billion, a year earlier.
In November, the EGX-listed bank’s net profit recorded EGP 1.4 billion for the period from January to September 2018.
