Mubasher: The ordinary general meeting (OGM) of Kuwait Business Town Real Estate approved distributing a cash dividend of 2%, as well as a bonus share of 5% for fiscal year 2016.
The company will pay 2 fils per share, and distribute 5-for-100 shares to the entitled shareholders for the fiscal year, according to a bourse statement issued on Monday.
During the fiscal year, profits shrank by 36.2% to KWD 3.16 million from KWD 4.95 million in FY15.
At the stock level, Business Town ended Monday 1.75% lower at 56 fils, after 3.14 million shares were traded at a value of about KWD 175,720.
