Mubasher: The board of Gulf Glass Manufacturing has recommended distributing cash dividends and bonus shares for the fiscal year of 2016.
The board proposed 10% cash dividend or 10 fils per share, with a total value of nearly KWD 478,369 as well as 5% bonus shares with an overall volume of 2.565 million shares, according to a bourse statement issued on Sunday.
The company’s earnings shrank by 64% year-on-year during the fourth quarter of 2016.
