285 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 06 / FINANCIAL STATEMENTS 01 02 03 04 05 07 08 09 44. SIGNIFICANT AND SUBSEQUENT EVENTS (a) There was no significant event during the financial year ended 31 December 2025, other than the followings: (i) On 25 March 2025, KNKH, a wholly owned subsidiary of the Bank, had fully disposed its 4,500,000 shares in KICL representing 45% of the issued and paid-up share capital of KICL for a total consideration of LKR34,470,000 (equivalent to RM517,000). Arising therefrom, KICL ceased to be an associate company of KNKH. The disposal resulted in a net loss of RM99,000 to the Group. (ii) On 29 December 2025, Kenanga Capital Sdn Bhd, a wholly-owned subsidiary of the Bank, had disposed off 980,392 ordinary shares representing 20% of the total number of issued shares of Kenanga Capital Islamic Sdn Bhd for a total cash consideration of RM3,696,662. Arising therefrom, Kenanga Capital Islamic Sdn Bhd has ceased to be part of the KIBB Group. (b) There was no significant event subsequent to the financial year ended 31 December 2025, other than the followings: (i) On 13 January 2026, the Bank injected additional capital of RM2.5 million to Rakuten Trade Sdn Bhd, a joint venture company of the Bank. (ii) On 26 January 2026, the Bank had converted all its redeemable convertible preference shares (“RCPS”) held in its associate company, Kinetic Dax Sdn. Bhd. (“KDX”), into ordinary share capital which represents 66% of the total issued RCPS of KDX. As a result of the additional equity interest obtained by the Bank arising from this conversion, KDX has become a subsidiary of the Bank with a total stakeholding of 56.36%. (iii) On 26 February 2026, the Bank injected additional capital of RM3 million to Kenanga Futures Sdn Bhd, a wholly own subsidiary of the Bank. 45. OPERATING LEASE ARRANGEMENTS A summary of the sub-lease receipts expected to be received under non-cancellable sublease are as follows: Group Bank 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Future minimum sub-lease receipts: Subsidiaries - - 3,486 2,499 External parties 812 406 812 406 812 406 4,298 2,905 46. DIVIDEND During the financial year, an interim single tier dividend of 8.0 sen (2024 interim single tier dividend: 7.0 sen) per ordinary share on 728,341,799 ordinary shares (2024: 725,083,299 ordinary shares) in respect of the financial year ended 31 December 2024 (2024: in respect of the financial year ended 31 December 2023), which amounted to RM58,267,344 (2024: RM50,755,831) was paid on 16 April 2025 (2024: 16 April 2024). Subsequent to the financial year end, on 26 February 2026, the Directors declared an interim single tier dividend of 5.0 sen per ordinary share in respect of the financial year ended 31 December 2025 which amounted to total dividend payable of approximately RM36,788,130. This is computed based on issued and paid-up capital as at 31 December 2025 of 735,762,599 ordinary shares. The actual amount of dividend to be paid will depend on the number of shares in issue at the date of entitlement. The financial statements for the current financial year do not reflect this dividend. Such dividend will be accounted for in equity as an appropriation of retained profits in the financial year ending 31 December 2026.
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