29/01/2014
Gulf Bank Board of Directors recommends distribution of 5% bonus shares for 2013
We would like to disclose that Gulf Bank's Board of Directors, held its meeting on Wednesday, 8/1/2014, and approved the Financial Statements for the Financial Year Ended 31/12/2013 as follows
1) Financial Results
Total Revenues from Counterparty Deals: KD-/1,812,000
Total Expenditures from Counterparty Deals: KD -/1,365,000
The Bank has obtained the approval of Central Bank of Kuwait on 28/1/2014.
2) Proposed Distributions:
The Board of Directors has recommended the following distributions for the Financial Year Ended 31/12/2013 in favor of the shareholders registered in the Bank's books on the date of holding the General Assembly. Such recommendation is subject to the approval of the General Assembly and competent authorities.