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KIB shareholders OK 9% cash dividend for 2014

KIB shareholders OK 9% cash dividend for 2014
Photo Credit: Arabianeye-Reuters
KIB
KIB`R
49.23% 291.00 96.00

By Ahmed Awad

Kuwait-Mubasher: Shareholders of Kuwait International Bank (KIB) approved cash dividend at 9% of the stock's par value, or 9 fils per share, for the fiscal year 2014.

The lender posted a 4% rise in FY14 net earnings to KWD 13.7 million.

KIB operates with KWD 103.7 million capital, divided into 1 billion shares at 100 fils par value each.

Translated by Abdul Maguid Aboshahla