Mubasher: The ordinary general meeting (OGM) of Aqar Real Estate Investments approved the board’s recommendation of distributing 6% cash dividends for fiscal year 2016, according to a bourse statement issued on Tuesday.
The company will pay 6 fils per share for the fiscal year, in which profits shrank by 28.5% to KWD 1.78 million from KWD 2.49 million in FY15.
At the stock level, Aqar ended Tuesday’s session at 80 fils, after about 20,000 shares were traded at a value of nearly KWD 1,600.
