02/02/2023
Arab Times
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Gulf Bank recommends the distribution of 10% cash dividends and 5% bonus shares for 2022.
Mr. Jassim Mustafa Boodai: The bank's financial performance is excellent on all levels, and we are qualified to embark on new horizons and compete in the banking industry.
Gulf Bank recorded a net profit of 61.8 million Kuwaiti Dinars for 2022, an increase of 46.8% compared to 2021, with a profit per share of 19.45 fils. The Board of Directors recommended a cash dividend of 10 fils per share and 5% bonus shares.
Mr. Jassim Mustafa Boodai, Chairman of the Board, commented, "The results show excellent strategic progress and reflect the remarkable growth in our banking business." He added, "The bank's financial performance is excellent on all levels, and we are qualified to embark on new horizons and compete in the banking industry.
