Kuwait – Mubasher: Aviation Lease and Finance (Alafco) will hold its ordinary general meeting on 20 December to consider the board’s recommendation of distributing 5% cash dividends of the capital or 5 fils per share.
The total value of the proposed cash dividends stands at KWD 4.76 million, the company said in a bourse statement issued on Wednesday.
The company’s capital stands at KWD 95.2 million distributed on 952 million shares, with a par value of 100 fils a share.
On the stock level, Alafco ended Wednesday higher by 1.87% to 218 fils, after about 88,550 shares were traded at a value of nearly KWD 19,300.