Kuwait – Mubasher: National Investments Co will hold its ordinary general meeting (OGM) on 1 June to discuss the board’s recommendation of offsetting the accumulated losses and cash dividends for fiscal year 2016.
The shareholders will overview paying 5% of capital or 5 fils per share as cash dividends, according to a bourse statement issued on Tuesday.
National Investments will consider offsetting KWD 7.82 million worth accumulated losses through using the legal reserve of KWD 16.72 million.
At the stock level, National Investments closed Tuesday’s session 1.85% higher at 110 fils.
