Kuwait-Mubasher: Aviation Lease and Finance’s (Alafco) ordinary and extraordinary general meetings agreed to distribute 5% cash dividends for the fiscal year ended 30 September, 2015.
Thus, the company will pay 5 fils per share to shareholders.
The stock will be traded ex-dividend starting from 29 November, the company said in a bourse filing.
Moreover, Alafco has approved the proposed capital increase to KWD 95.21 million, with a premium issuance of 125 fils per share.
Also, shareholders voted on increasing members of the board to seven instead of six.
