Kuwait-Mubasher: United Real Estate will pay 5 fils per share dividends for the fiscal year 2015, the company said in a bourse filing.
The KSE-listed firm’s shareholders agreed on the distribution of cash dividends at 5%of capital .
During the fiscal year 2015, profits totalled KWD 8.53 million ($28.3 million) as compared to KWD 7.88 million ($26.14 million) in FY14, an increase of 8.3%.
United Real Estate’s ordinary general meeting has elected new board members for the coming three-year term.
The stock fell by 1.09% to settle at 91 fils by the end of Thursday’s session, as 160,000 shares were traded with a value of about KWD 14,700.
