Kuwait-Mubasher: Aayan Real Estate’s ordinary general meeting agreed on distributing cash dividends at 5% of capital or 5 fils per share for the fiscal year.
Total dividends amount to KWD 2.08 million ($6.88 million).
The real estate firm reported KWD 2.7 million profits in FY15, 12% down from FY14 when it posted KWD 3.07 million.
Also, the company’s shareholders have elected new board members for the coming three-year term.
Aayan Real Estate stock retreated 2.82% to close at 69 fils in Tuesday’s trading session, after about 185,500 shares were exchanged with a value of about KWD 13,000.
