Kuwait – Mubasher: The shareholders of Al Kout Industrial Projects approved distributing cash dividends representing 50% of capital or 50 fils per share.
Total dividends amount to KWD 5.05 million, which will negatively affect profits transferred to reserves, the company said in a statement to Boursa Kuwait.
In April 2016, Al Kout had approved distributing 40% of capital or 40 fils per share for 2015.
The Kuwait-listed company had previously reported a 10.22% increase in its profits reaching KWD 5.84 million in 2016, compared to KWD 5.3 million in 2015.
