Mubasher: The shareholders of Oula Fuel Marketing have approved the board’s recommendation of distributing 5% of the par value of each share as a cash dividend for fiscal year 2018, according to a recent press release.
Oula Fuel will pay 5 fils per share, after discounting treasury shares, to the entitles shareholders as a dividend for FY18, at a total value of KWD 1.99 million.
Furthermore, the ordinary general meeting (OGM) also agreed to pay KWD 45,000 worth of bonus to the board members for FY18.
During FY18, Oula Fuel achieved a growth of 6.4% in profits to KWD 3.81 million compared to KWD 3.58 million in FY17.
