Kuwait – Mubasher: The ordinary general meeting (OGM) of Heavy Engineering Industries and Shipbuilding (HEISCO) approved distributing 10% of capital as cash dividends for fiscal year 2016.
The company will pay 10 fils per share to the entitled shareholders for FY16, according to a bourse statement issued on Monday.
During FY16, HEISCO achieved a profit of KWD 6.33 million which is 35.9% higher than KWD 4.66 million in the previous fiscal year.
At the stock level, HEISCO closed Monday’s session at 220 fils.
