Mubasher: Kuwait Investment’s ordinary general meeting (OGM) approved distributing 10% of the share’s nominal value, or 10 fils per share, with total value of KWD 5.47 million as cash dividends for 2018.
The company’s OGM also approved deducting 10%, or KWD 1.044 million, of net profits for the statutory legal reserve, according to the company’s statement to Boursa Kuwait on Monday.
For the full-year 2018, Kuwait Investment’s profits plunged 40.1% to KWD 9.85 million from KWD 16.44 million in the previous year.
