Ajial to consider no dividends distribution mid-March

Kuwait-Mubasher: Ajial Real Estate Entertainment will hold its ordinary general meeting on 17 March to consider withholding dividends for the fiscal year of 2015.

Shareholders will discuss cutting 10% of net profit for both the legal and general reserve, with a value worth about KWD 80,840 ($268,893 each).

Ajial posted profits worth around KWD 760,290 ($2.528 million) during the fiscal year of 2015, 19% higher from about KWD 636,390 ($2.116 million) in 2014.

 

Mubasher Contribution Time: 01-Mar-2016 13:18 (GMT)