Mubasher: Al Mazaya Holding’s annual general assembly (AGM) has approved the board of directors’ proposal to distribute cash dividends of 8 fils per share at a total value of KWD 5.42 million ($18.1 million).
The dividends will be distributed on 24 April to the shareholders registered in records until 12 April, the company added in a filing to Boursa Kuwait.
Al Mazaya Holding, dual-listed on Boursa Kuwait and the Dubai Financial Market (DFM), last posted a 29.6% year-on-year drop in 2017 profits, recording KWD 7.22 million, against KWD 19.25 million in profits in 2016.
