Mubasher: The ordinary general meeting (OGM) of Egypt Kuwait Holding approved the board’s recommendation of distributing 12.5% cash dividends for fiscal year 2016.
The company, which is listed on both Boursa Kuwait and the Egyptian Exchange (EGX), will pay 3.125 cents per share for the fiscal year, according to a bourse statement issued on Sunday.
Distributing the cash dividends will start on 18 April 2017.
During FY16, profits soared 135.1% to total $53.54 million from $22.77 million in FY15.
