Mubasher: The National Bank of Kuwait (NBK) will start on Monday, 30 March 2020, distributing cash dividends and bonus shares as approved by the ordinary general meeting (OGM).

The distributions will be to equity holders registered on records at the end of the maturity date on 26 March, according to a bourse statement on Tuesday.

On 7 March, the bank's annual general meeting (AGM) and extraordinary general meeting (EGM) approved the board of directors’ recommendation to distribute 35% cash dividends and 5% bonus shares to shareholders.

In the fiscal year (FY) 2019, NBK reported an increase in profits by 8.3% annually to KWD 401.29 million ($1.33 billion), compared to KWD 370.71 million ($1.23 billion) in 2018.