Kuwait-Mubasher: KGL Logistics will hold the shareholders’ meetings on 25 July to discuss the proposed 8% cash dividends, or 8fils per share, according to a bourse filing.
The dividends will be payable to shareholders of record at the end of the ordinary general meeting (OGM) day.
The company added that its OGM will discuss transferring 10% from the net profits and another 10% from the net voluntary reserves to the legal reserve account.
The shareholders will also hold their extraordinary general meeting (EGM) to review amendments to the articles of association.
KGL reported KWD 1.84 million profits in the first quarter of 2016, compared to KWD 1.75 million in the same period of 2015.
