VOL. XXXI
NO. 28
18-APRIL-1988
Financial and Banking News
REGIONAL BANKING
Gulf Bank of Kuwait Shows Major Improvement in Profitability
Gulf Bank ofKuwait has reported a 62% increase in profits, to reach RD7.06mn in 1987. Incommon with two other Kuwaiti banks which have recently reported last year'sresults (Alahli Bank and Bank of Kuwait and the Middle East - MEES, 11 April),Gulf Bank has been permitted by the Central Bank of Kuwait to distribute a cashdividend, which for Gulf Bank shareholders is...
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