Mubasher: Kuwait-based the Commercial Real Estate (Al Tijaria) on Monday announced that the company’s shareholders had approved to distribute cash dividends of KWD 8.76 million at 5 fils per share, representing 5% of the share’s nominal value, for the full fiscal year 2018 during an ordinary general meeting (OGM) held the previous day.
The OGM has also agreed to distribute bonus shares of around 2% of capital at 2-for-100 basis bonus shares, according to a statement to Boursa Kuwait.
The eligibility of dividends will be for shareholders registered in the company’s records by the maturity date on 1 May, while distributions will be paid on 5 May.
The board also approved to spend KWD 108,000 in remuneration for the members.
Al Tijaria last reported a 22.5% year-on-year rise in profits in the fourth quarter of 2018, reaching KWD 3.65 million, compared to KWD 2.98 million.
