By: Ahmed Awad
Kuwait – Mubasher: National Industries Group Holding on Sunday said its ordinary general meeting (OGM) has approved a cash dividend for FY15 amounting to 10 Kuwaiti fils per share, representing 10% of capital.
The OGM also approved a decision to allow the company's board of directors to issue bonds and Sukuk in KWD or any other currency.
The company, which is listed in Kuwait and Dubai, posted a profit of KWD 25.4 million ($84.37 million) in 2015, down from KWD 28.2 million ($93.67 million) in 2014.
National Industries’ share grew 4.5% on the Kuwait Stock Exchange (KSE) 15 minutes before the session ended on Sunday to 140 Kuwaiti fils after 839,200 shares were traded at a turnover of KWD 115,800.
Translated by: Nada Adel Sobhi
