Gulf Insurance to distribute 36% of par value as dividend
Monday, 04 01 2019, Category: Insurance and Reinsurance, Country: Kuwait
Mubasher: Gulf Insurance Group has approved the board’s recommendation of distributing 36% of the par value as cash dividend for fiscal year 2018.
The insurance company will pay 36 fils per share on 29 April to the entitled shareholders of record date on 22 April, according to a bourse disclosure on Sunday.
Gulf Insurance added that its ordinary general meeting (OGM) also approved authorising the board members for issuing sukuk and bonds in Kuwaiti Dinar or any other currency.
During FY18, Gulf Insurance achieved an increase of 18.2% in profits to KWD 11.9 million compared to KWD 10.07 million in FY17.