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Today: National Bank of Kuwait free stocks last date

Today: National Bank of Kuwait free stocks last date

ArabFinance: National Bank of Kuwait (NBKE), decided to increase issued capital to LE1.5 billion from LE1 billion with increase amounting to LE0.5 billion, as well as increasing authorized capital to LE2.5 billion from LE1 billion.

The capital hike will be through distribution over 50 million shares. The capital hike will be financed from public reserves according to  FY 2016 profits 

The capital increase will be through 0.50 free stock for every existing one held before increasing capital to shareholders as of record on 18/10/2017 and will be distributed on 19/10/2017. 

 

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