By Ahmed Awad
Kuwait – Mubasher: Shareholders of Arkan Al Kuwait Real Estate Company gave the green light on distributing 7% cash dividends and 5% bonus shares for 2015, a Tuesday filing said.
Based on Mubasher calculations, total value of cash dividends is KWD 1.65 million, equating to 7 fils a share, while the bonus shares will be distributed on a 5-for-100 basis.
The company’s FY15 net profit jumped 12.2% to KWD 4.15 million ($13.64 million) from KWD 3.7 million a year earlier.
The company is capitalised at KWD23.919 million, distributed across 239.19 million shares at KWD100 fils par value each.
Translated by Ahmed El-sayed Ali
