Kuwait-Mubasher: Mashaer Holding’s ordinary general meeting nodded approval for paying7.5% or 7.5 fils as cash dividends for the fiscal year 2015, the company said in a statement issued Monday.
The firm achieved profits worth KWD 2.37 million ($7.86 million) over the fiscal year 2015, against losses worth KWD 6.34 million ($21.01 million) in FY14.
Also, Mashaer’s shareholders agreed on changing the company’s name. The new name of the company is not officially listed in the bourse yet and was not made available in English in today’s filing.
On KSE, Hajj and Umrah services provider Mashaer rose by 5% or 4 fils to end Monday’s session at 84 fils.
