Kuwait-Mubasher: Alrai Media Group said its ordinary general meeting has raised the cash dividends it earlier set at 15% of par value for FY 2015 by 5%.
Alrai will pay 15% cash dividends or 15 fils per share to shareholders
During the fiscal year 2015, the Kuwait-listed firm achieved KWD 6.31 million ($20.9 million) profits as compared to $5.05 million ($16.73 million) in FY14, a growth of 25%.
On the stock market, Alrai rose by 1.39% to 146 fils before closing Thursday’s session, after about 123,300 shares were traded with a value of about KWD 17,900.
