Kuwait-Mubasher: City Group’s ordinary general meeting agreed on the board’s recommendation of distributing 60% of the capital or 60 fils per share, according to a recent statement.
The company achieved profits worth KWD 7.2 million ($23.88 million) in the fiscal year 2015, compared to KWD 5.96 million ($19.77 million) in FY14, a growth of 20.8%.
On the Kuwaiti exchange, the stock of transport and warehousing service provider City Group levelled up 8.16% or 40 fils to close at 530 fils on Thursday.
