Kuwait-Mubasher: Gulf Glass Manufacturing will hold its ordinary general meeting on 26 April to discuss 35% of cash dividends and bonus shares for the fiscal year 2015, according to a statement.
Gulf Glass will consider paying cash dividends at 25% of capital or 25 fils per share, with a total of KWD 1.16 million ($3.85 million), after excluding treasury shares. In addition, shareholders will weigh up the distribution of 10% bonus shares at 10-for-100.
The KSE-listed firm will look into the board’s proposal of withdrawing voluntarily from the Kuwait Stock Exchange (KSE).
Gulf Glass clarified that the stock will be suspended from trading starting from 17 April, as the OGM will be held after an extension period granted by the Capital Markets Authority.
The stock was last traded on 7 April when it settled at 450 fils.
