Kuwait – Mubasher: The ordinary general meeting of United Foodstuff Industries Group agreed on the board’s proposal of distributing 5% cash dividends of the capital.
The company will pay 5 fils per share to shareholders, with a total of nearly KWD 166,750 for the fiscal year 2015, according to a bourse statement.
During FY15, United Foodstuff posted an 8.2% decline in profits to about KWD 786,260 as compared to around KWD 856,900 in FY14.
The OGM also agreed on transferring 10% of the legal reserves or nearly KWD 39,280.
