Cairo – Mubasher: The ordinary general meeting (OGM) of Egypt Kuwait Holding (EKH) approved the board’s recommendation to pay 20% of capital as a cash dividend for fiscal year 2017.
EKH, which is listed on both Boursa Kuwait and the Egyptian Stock Exchange (EGX), will pay 5 cents per share dividends for FY17, according to a bourse statement on Sunday.
EKH’s shareholders also elected new board members for the coming three years.
In FY17, the initial income statements of EKH showed an increase of 92.7% to $138.18 million compared to $71.7 million in FY16.
Revenues registered in FY17 grew by 1.7% to $348.7 million compared to $343.07 million in FY16.
