Kuwait-Mubasher: Kuwait Food – Americana will hold an ordinary general meeting on 24 April to discuss the board’s recommendation of distributing dividends for the fiscal year 2015.
Americana’s board has proposed cash dividends at 100% of capital or 100 fils per share, excluding treasury shares.
Also, shareholders will consider distributing in kind dividends of KWD 52 million ($172.49 million) , making up 133% of the share’s nominal value or 133 fils per share.
The OGM will discuss the issuance of bonds dominated in Kuwaiti dinar or any other currency. It will elect new board members for the coming three-year term.
Americana’s stock ended Thursday’s session with a rise of 1.6% or 40 fils to KWD 2.56, after 79,000 shares were exchanged with a value of KWD 201,000.
