Kuwait-Mubasher: Kuwait Resorts’ ordinary general meeting agreed on distributing cash dividends at 5% of capital or 5 fils per share for the fiscal year 2015, said Kuwait News Agency.
The Kuwait-listed firm achieved a growth of 1.9% to KWD 3.17 million ($10.52 million) during the fiscal year 2015 as compared to KWD 3.11 million ($10.32 million) a year earlier.
Shareholders’ equity increased by 7% to KWD 22.5 million ($74.69 million) in 2015, said chairman Faisal Al-Abasi.
Kuwait Resorts succeeded in decreasing loans and credit facilities to reach KWD 10.6 million ($35.19 million) in 2015.
The stock settled at 84 fils by the end of Tuesday’s session, after about 127,300 shares were traded with a value worth about KWD 10,700.
