Kuwait – Mubasher: Kuwait Slaughter House on Monday said its ordinary general meeting (OGM) will be held on 26 March to discuss a dividend distribution for fiscal year 2016.
The recommended distribution represents 20% of the share’s nominal value and amounts to 20 fils per share, the company said in a filing to Boursa Kuwait.
It added that dividends will total KWD 621,000.
In mid-April 2016, the OGM approved an 18% cash dividend for FY15.
Kuwait Slaughter House reported a 9.1% decline in profits for 2016 to KWD 615,170, compared to KWD 676,550 in 2015. Profits for the fourth quarter, however, surged 151.5% to nearly KWD 209,210 from around KWD 83,150 in Q4-15.
