Board proposes cash dividend of 5 fils per share
KUWAIT CITY Feb 10: Gulf Bank K.S.C.P. (“Bank”) announced its financial results for the year ended 2020.
Financial Summary
Gulf Bank reported a net profit of KD 29 million and earnings per share of 10 fils for the year ended 31 December 2020 compared to a net profit of KD 64 million and earnings per share of 22 fils for the year ended 31 December 2019. The Board of Directors is recommending a cash dividend of 5 fils per share for shareholders’ approval at the Annual General Meeting to be held in March 2021. This would be the sixth straight year in a row Gulf Bank has paid cash dividends to shareholders.