Ooredoo declares KWD 50m cash dividends

By: Ahmad Awad

Kuwait-Mubasher: National Mobile Telecommunications (Ooredoo) shareholders agreed on a 100 fils per share payout for FY15, with an overall value of KWD 50 million ($166 million).

The Kuwait-listed firm posted KWD 28.11 million profits in FY15, 38.5% down from KWD 45.74 million in FY14.

In Thursday’s trading session, the stock fell by 1.67% or 20 fils to settle at KWD 1.18, as about 7,730 shares were traded at about KWD 8,800. 

MUBASHER Contribution Time: 24-Mar-2016 09:17 (GMT)