Bank Of Kigali Investors Receive Ksh 1 Billion As Dividends

by Business Watch Team
Bank of Kigali

BK Group Plc investors are set for an early Christmas gift after the board approved an interim dividend payout of KES1.05 per share.

The dividend disbursement will be made just five days before Christmas, as per a statement released by the BK Group, and will be payable to investors on the shareholders’ register as of November 29.

“BK Group Plc is happy to announce its first interim dividends approved during a board meeting held on November 7th, 2023. The interim dividend will be paid on or about December 20th, 2023,” said the BK Group board in the statement.

BK Group is listed on the Rwanda Stock Exchange and cross-listed on the Nairobi Securities Exchange (NSE), meaning Kenyan and Rwandan shareholders as well as international investors holding the stock will earn the dividend.

The KES1 billion payment comes just months after BK Group paid out another KES3.5 billion for the full year ended December 31, 2022.

“In these economic times our commitment is to deliver value to our shareholders, and all our other stakeholders,” said the BK Group CEO Béata U. Habyarimana.

In the half year to June 2023, the Group reported 30.3 percent growth in net profit to KES4.4 billion. The Group’s businesses, including the banking, insurance, and investment units all reported strong growth in the period.

Bank of Kigali CEO, Dr Diane Karusisi, said the bank’s growth strategy is anchored solely on customer satisfaction and convenient service delivery.

“Our unwavering commitment to empower our clients is what has underpinned our growth over the years, we will continue to innovate and keep our customers on the front line all the time,” said Dr Karusisi.

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