Kuwait-Mubasher: Alargan International Real Estate will hold an ordinary general meeting on 23 May to discuss the board’s recommendation of distributing dividends for the fiscal year 2015, according to a bourse statement.
The board has proposed a payout of 10% cash dividends of the capital or 10 fils per share, after excluding treasury shares.
During FY15, the KSE-listed firm reported an increase of 259% in profits which stood at KWD 16.73 million as compared to KWD 4.66 million in FY14.
On KSE’s level, Alargan ended Tuesday’s session falling 1.22% to 162 fils.
