By: Ahmad Awad
Kuwait-Mubasher: Kuwait Financial Centre (Markaz) decided in an extraordinary general meeting on Monday to decrease its capital to KWD 48 million ($159.34 million) from KWD 53 million ($175.94 million).
Today also the ordinary general meeting approved the distribution of cash dividends at 5% of capital or 5 fils per share for the fiscal year 2015.
During FY15, Markaz reported a 28.4% drop in profits which stood at KWD 2.88 million ($9.56 million) as compared to KWD 4.02 million ($13.34 million) in FY14.
