Kuwait – Mubasher: The ordinary general meeting (OGM) of Gulf Cable and Electrical Industries approved distributing 20% of capital as cash dividends for fiscal year 2016.
The company will pay 20 fils per share to the entitled shareholders, according to a bourse filing issued on Wednesday.
During FY16, Gulf Cable achieved a profit of KWD 6.86 million against losses of KWD 31.57 million in FY15.
At the stock level, Gulf Cable closed Wednesday’s session 3.57% higher at 435 fils.
