Mubasher: The ordinary general meeting (OGM) of Alrai Media Group approved distributing 20% of capital as cash dividends for fiscal year 2016.
The company will pay 20 fils per share to the entitled shareholders for the fiscal year, according to a bourse statement issued on Sunday.
During FY16, Alrai Media posted a decline of 34.9% in profits to KWD 4.11 million from KWD 6.31 million in FY15.
At the stock level, Alrai fell by 5.68% to reach 166 fils by 9:25 am Kuwait time, after about 47,700 shares were traded at a value of KWD 8,000.
