UPDATE 1-Kuwait Finance House Q4 net profit more than doubles | Reuters:
"Feb 3 (Reuters) - Kuwait Finance House (KFH) more than doubled its fourth-quarter net profit and executives at the Gulf state's largest Islamic bank proposed a 13 percent dividend distribution and 13 percent bonus shares.
Net profit rose to 26.4 million Kuwaiti dinars ($94.7 million) in the three months to the end of December compared to 11.8 million dinars a year earlier, a calculation based on figures released on Monday showed.
Broker EFG Hermes had expected the bank to earn 29.9 million dinars in the quarter while HSBC saw its quarterly profit at 56 million dinars."
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