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Kuwait's Gulf Bank posts 4% rise in 2013 net profit
January 28, 2014, 3:19 pm

Kuwait's Gulf Bank reported a 4 percent rise in 2013 net profit on Tuesday and said it would pay a dividend of 5 percent through an issue of bonus shares.

Kuwait's fourth-largest lender by assets said full-year net profit was KD32.16 million ($113.94 million), compared with KD30.89 million in the same period a year ago.

It gave no quarterly figures and did not give details on who would succeed chief executive Michel Accad, announced in October that he was resigning for personal reasons.

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