VOL. XXXII
NO. 27
10-APRIL-1989
Financial and Banking News
REGIONAL BANKING
Two Kuwaiti Banks Split Dividends on Higher Profits
Two Kuwaiti banks - the Bank of Kuwait and the Middle East (BKME) andCommercial Bank of Kuwait - last week reported higher profits for 1988 but havemeanwhile sharply cut their cash dividends and added a bonus share issueinstead. BKME, which in 1987 distributed a 12% cash dividend, announced a10.5% increase in profits for 1988 with total dividends of 13%, split between 6%in...
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