Mubasher: The ordinary general meeting of Arkan Al Kuwait Real Estate approved the board’s proposal of distributing 8% cash dividends for the fiscal year ended 31 October, 2016.
The company will pay 8 fils per share, with an overall value of KWD 1.98 million, according to a bourse statement issued on Thursday.
During the fiscal year ended 31 October, 2016, profits shrank by 41.3% to reach KWD 2.44 million from KWD 4.15 million in the same period a year ago.
On the stock level, Arkan ended Thursday’s trading session at 93 fils.
