Mubasher: Kuwait-based Al Imtiaz Investment Group on Wednesday reported a 35.1% decrease in profits during 2018 to KWD 20.02 million ($66.18 million) from KWD 30.85 million ($101.98 million) in 2017.
As for the fourth quarter of 2018, Al Imtiaz Investment Group turned to profits after generating KWD 2.96 million, against losses of KWD 2.9 million in the year-ago period, the company said in a statement to Boursa Kuwait.
The company’s board of directors recommended distributing 8 fils per each share as cash dividends for 2018.
Al Imtiaz Investment Group’s stock levelled up 1.53% to close Wednesday’s trading session at 133 fils, after 442,520 shares were exchanged, generating KWD 58,420.
