Mubasher: The shareholders of Combined Group Contracting approved to pay 20% of the capital as cash dividend for fiscal year 2018.
Combined Group will pay 20 fils per share to the entitled shareholders as a dividend for FY18, according to Kuwait News Agency (KUNA) on Sunday.
The chairman of the Boursa Kuwait-listed company Abdul Rahman Mousa Al Maarouf noted, during the ordinary general meeting (OGM) on Sunday, that Combined Group has worked on establishing a solid base during 2018 to promote for the concept of transparency and the guarantee of shareholders’ equity rights.
Combined Group is currently executing projects at a total value of KWD 383 million ($1.3 billion) inside and outside Kuwait.
During fiscal year 2018, Combined Group achieved an increase of 4.9% in profits to KWD 5.12 million from KWD 4.88 million in the prior fiscal year.
