| From Kuwaittimes.net: The National Bank of Kuwait (NBK) has announced a 4 percent increase in its annual net profit for 2009 from KD 255 million in 2008 to KD 265 million in 2009. The operational income of the bank rose by 2 percent to KD 518 million in 2009.
The general assembly approved a recommendation of the board of directors to distribute 40 percent of the nominal share value as cash profits in addition to 10 percent bonus shares. The assembly also approved a proposition to further raise the capital of the bank by 10 percent to KD 3,598 million..............................................Full Article: Source
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