Mubasher: Al Mazaya Holding will hold its ordinary general meeting on Tuesday, 28 March, to consider the proposal of 8% cash dividend for fiscal year 2016.
The board of Al Mazaya, which is listed on both Boursa Kuwait and Dubai Financial Market, recommended distributing 8 fils per share, with an overall value of KWD 5.42 million ($17.7 million), according to a bourse filing issued on Thursday.
During FY16, Al Mazaya achieved a growth of 10% in profits to KWD 10.25 million from KWD 9.32 million in the previous fiscal year.
