Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) will start distributing 5% bonus shares of the capital on 1 June, according to a bourse statement.
HEISCO will distribute 5-for-100 shares for the fiscal year 2015, the statement added.
During FY15, the company achieved profits worth KWD 4.66 million as compared to KWD 2.55 million in the previous fiscal year.
HEISCO’s stock gained 4.7% to reach 178 fils at the opening of Thursday’s session, after about 12,200 shares were traded at a value of nearly KWD 2,107.
