Economy Dividend News Today : Breaking News, Live Updates & Top Stories | Vimarsana

2 Min Read
KUWAIT, April 26 (Reuters) - Kuwait’s sovereign wealth fund and state-owned Kuwait Petroleum Corporation (KPC) reached an agreement under which KPC will pay 8.25 billion Kuwaiti dinars ($27.44 billion) in accrued dividends over 15 years, two sources said.
KPC has owed for years about 7 billion Kuwaiti dinars in dividends to the General Reserve Fund (GRF), one of Kuwait’s sovereign funds, tasked with covering budget deficits.
The company and GRF have recently agreed a repayment schedule by which KPC will pay 550 million dinars ($1.83 billion) annually to the GRF during the next 15 years, said a government source and a source familiar with the agreement. ....

United Arab Emirates , Chizu Nomiyama , Davide Barbuscia , Ahmed Hagagy , Al Rai , Thomson Reuters Trust Principles , Kuwait Petroleum Corporation , General Reserve Fund , Thomson Reuters Trust , Economy Dividend , Asia Pacific , Corporate Events , Banking Amp Investment Services Trbc Level 2 , Credit Markets , Commodities Markets , Crude Oil , Debt Fixed Income Markets , Emerging Market Countries , Energy Trbc Level 1 , Energy Fossil Fuels Trbc Level 2 , Energy Legacy , Financials Legacy , Financials Trbc Level 1 , Government Borrowing Requirement , Economic Output , General News ,