Global Investment House proposes 5% cash dividend

22/02/2018 05:49 AST

Global Investment House said on Wednesday that it proposed to pay 5 per cent cash dividend to their shareholders.

The Mena region focused investment bank reported a net profit of 2.5 million Kuwaiti dinars in 2017 on total revenues of 14.1 million dinars. The firm reported a fee and commission income of 10.3 million dinars, representing 73 per cent of total revenues.

Hareb Al-Darmaki, Chairman of the Board of Directors, said: "Global has remained on a consistent path of profitability for the fifth consecutive year, driven by effective implementation of its fee business driven strategy. We are delighted by these financial results, which were generated during difficult times for the capital markets and the investment services industry in the region."

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