Mubasher: The ordinary general meeting (OGM) of Inovest has approved distributing the cash dividend recommended for fiscal year 2016.
Inovest will pay a 7% cash dividend or 2.8 cents per share to the entitled shareholders for the fiscal year, with an overall value of $8.02 million, according to a bourse statement issued on Sunday.
During FY16, Inovest, which is listed on both Boursa Kuwait and Bahrain Bourse, achieved a profit of $10.1 million against losses of $48.1 million in FY15.
