Mubasher: National Industries Group Holding’s general assembly approved the recommended cash dividends distribution of KWD 14.28 million ($46.2 million) or 10 fils per share for 2019, equivalent to 10% of the share’s nominal value.
The dividends will be distributed to shareholders registered on record on the maturity date on 17 May and will be distributed on 21 May, according to a stock exchange statement on Thursday.
Furthermore, the assembly agreed to grant a remuneration of KWD 590,000 to board members for 2019.
It is worth highlighting that in 2019, the company’s earnings skyrocketed by 134% annually to stand at KWD 46.35 million, compared with KWD 19.84 million in the previous year.
National Industries is listed on Boursa Kuwait and the Dubai Financial Market (DFM).
