Mubasher: The ordinary general meeting (OGM) of Kuwait Resorts (Muntazahat) approved paying 5% of the capital as cash dividends or 5 fils per share for fiscal year 2016, according to a bourse filing issued on Wednesday.
During FY16, the company’s profits declined by 27.5% to KWD 2.3 million from KWD 3.17 million in FY15.
At the stock level, Muntazahat closed Wednesday’s session 1.16% higher at 87 fils.
