Industry: Banking & Finance
Company: Commercial Bank of Kuwait
Wealth: 4.28 Billion
In February of this year, Commercial Bank of Kuwait announced a fifteen percent cash dividend for the year 2010. This followed the announcement of net profit for 2010 standing at $146.5m, up from the $527,857 reported last year. In March 2011, the bank completed the signing of a syndicated facility agreement with Al Ghanim International General Trading & Contracting Company.