By: Ahmad Awad
Kuwait-Mubasher: Kuwait Projects Holding (KIPCO) will pay 25% cash dividends of the capital or 25 fils per share, according to an issued statement.
KIPCO held an ordinary general meeting on Wednesday and agreed on distributing dividends of an overall value worth KWD 36.8 million ($121.84 million).
The shareholders also agreed on issuing bonds in Kuwaiti Dinar or any other currency with an authorized limit.
On KSE’s level, KIPCO stock grew 3.77% to 550 fils by the end of Wednesday’s trading session, after 1.36 million shares with a value worth about KWD 731,800.
