NBK OKs 30% cash dividends, 5% bonus shares
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KUWAIT CITY, March 11: Nasser Musaed Al-Sayer, Chairman of the National Bank of Kuwait said:” NBK has maintained its leadership position in the banking sector in 2016 through its strong performance and exceptional results, as the bank constituted 40 percent of the banking sector’s aggregate profits, positioning it to be the most profitable among Kuwaiti companies and one of the highest amongst all Arab banks.
This took place during National Bank of Kuwait’s Ordinary and Extraordinary General Assembly meeting for the year 2016, which was held on Saturday, March 11, with a quorum of 79.52 percent. NBK’s AGM and EGM approved the Board of Directors’ recommendations to distribute a cash dividend equivalent to 30 percent of the nominal value of the share (30 fils per share) and 5 percent bonus shares (5 shares for every 100 shares) to shareholders.
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