Kuwait-Mubasher: Oula Fuel Marketing’s ordinary general meeting on Sunday approved the dividends recommended for the fiscal year 2016, the company said in a bourse filing issued Sunday.
The company will pay 5% cash dividends or 5 fils per share to shareholders listed in the company’s registries.
Oula Fuel’s earnings stood at KWD 4 million in FY15, 0.25% down from KWD 4.01 million in FY14.
Meanwhile, the company noted that the extraordinary general meeting was postponed due to lack of quorum.
The company’s stock ended Sunday’s session at 110 fils, after about 213,600 shares were traded with a value of nearly KWD 23,800.
