Viva’s CEO Eng Salman bin Abdulaziz Al-Badran

KUWAIT: VIVA, Kuwait's fastest-growing and most developed telecom operator, has recently inked an agreement for Cash Dividends Transfer with Kuwait Clearing Company (KCC) in cooperation with the National Bank of Kuwait (NBK). This agreement will provide an electronic transfer service for the cash dividends to the Investors bank account without the need of receiving the dividends by cheque from Kuwait Clearing Company offices.

This service is available currently for the shareholders of VIVA owning bank account with NBK. Therefore, all shareholders who aim to benefit from this service are kindly requested to fill the form of KCC Electronic Transfer Service Application and then submit it to dedicated branches of NBK.

VIVA's CEO, Eng Salman Bin Abdulaziz Al-Badran, commented: "This step comes from VIVA side due to its commitment to provide the best available services for VIVA's Shareholders. This agreement is consistent with VIVA's future vision to reduce paperwork usage and depending on the modern technology to achieve the desired goals in the fastest and easiest way to save the shareholders' additional efforts and time spent to collect their cash resulted from the dividends distribution for the year 2016 and subsequent years". He added: "VIVA's Board of Directors has recommended distributing cash dividends of 10 fils among the shareholders representing 10 percent of the nominal share value for the year ended 2016 subject to the approval of the Ordinary General Assembly of the company."

Thereby, VIVA invites shareholders who wish to receive their cash dividends through the online transfer to visit one of VIVA branches to fill-in the online payment subscription form regarding receiving the cash dividends and/or trading. Thus, the shareholder is informed to visit one of NBK branches assigned to VIVA shareholders who are NBK clients only (Saad Alabullah Branch - Al-Qurain Branch - Al Raya Branch) during the official working hours (from 8.30 am to 3 pm) . The Form of KCC Electronic Transfer Service Application can be downloaded also by visiting the investor relations webpage on VIVA official website www.viva.com.kw , fill-in the same and submit it to NBK for approval.

VIVA is the fastest-growing telecom operator in Kuwait. Launched in December 2008, VIVA makes things Possible for its customers by transforming communication, information and entertainment experiences. The company has rapidly established an unrivalled position in the market through its customer centric approach. VIVA's quest is to be the mobile brand of choice in Kuwait by being transparent, engaging, energetic and fulfilling. VIVA continues to take a considerable share of the market by offering an innovative range of best value products, services and content propositions; a state of the art, nationwide network and world-class service. VIVA offers internet speeds of more than 100 Mbps, due to the implementation of the most advanced fourth generation (4G LTE) network in Kuwait resulting in superior coverage, performance and reliability.