By: Ahmed Awad
Kuwait-Mubasher: Mobile Telecommunications’ (Zain) shareholders agreed Wednesday on distributing 30% cash dividends or 30 fils for the fiscal year 2015, compared to 40 fils for 2014.
The company’s ordinary general meeting (OGM) also approved the board of directors’ report on the company’s businesses, balance sheet and profit and loss account for 2015.
Zain’s profits declined last year by 20.7% to KWD 154 million ($513 million) from KWD 194.3 million ($643.76 million) in 2014.
The Kuwait-listed company’s stock rose today by 1.33% to 380 fils as 2.88 million shares were exchanged at KWD 1.1 million ($3.64 million).
Translated by: Elwy el-Manzalawy
