{"id":86166,"date":"2023-03-02T00:00:00","date_gmt":"2023-03-02T00:00:00","guid":{"rendered":"https:\/\/kuwaitnewsgazette.com\/kuwait-insurance-co-gains-kd-42-mln-net-profit-in-22\/"},"modified":"2023-03-02T00:00:00","modified_gmt":"2023-03-02T00:00:00","slug":"kuwait-insurance-co-gains-kd-42-mln-net-profit-in-22","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/kuwait-insurance-co-gains-kd-42-mln-net-profit-in-22\/","title":{"rendered":"Kuwait Insurance Co. gains KD 42 mln net profit in ’22"},"content":{"rendered":"
– Kuwait Insurance Company announced Thursdsay a net profit of KD 42 million (USD 172.2 million) in 2022, compared with KD 11.4 million (USD 34.5 million) in 2021, an increase of 268.16 percent.<\/p>\n
In a disclosure posted on Boursa Kuwait’s website, the company said earnings per share amounted to 227.7 fils in 2022 compared with 61.8 fils in 2021, a rise of 268.15 percent, the company’s Board of Directors recommended a cash dividend of 40 fils per share, according to the company discloser.<\/p>\n
Kuwait Insurance Company was established in 1960 and listed on the stock exchange in 1984 with an authorized capital of KD 19.4 million (around USD 58.7 million).<\/p>\n
Kuwait Insurance Company carries out insurance business by collecting and investing capital, movable and immovable assets in the manner decided by the Board of Directors.<\/p>\n<\/p>\n
Source: Kuwait News Agency<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
– Kuwait Insurance Company announced Thursdsay a net profit of KD 42 million (USD 172.2 million) in 2022, compared with KD 11.4 million (USD 34.5 million) in 2021, an increase of 268.16 percent. In a disclosure posted on Boursa Kuwait’s website, the company said earnings per share amounted to 227.7 fils in 2022 compared with … Read more<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"yoast_head":"\n