Mubasher: The ordinary general meeting (OGM) of National Investments Co approved the board’s recommendation to distribute 7% of the capital as a cash dividend for fiscal year 2017.
National Investments will pay 7 fils per share as a dividend to the entitled shareholders, according to a bourse statement on Tuesday.
The dividends will be distributed on 7 May to the shareholders of record date on 1 May.
The shareholders have also elected a new board of directors for the coming three years.
In FY17, National Investments achieved a profit of KWD 10.31 million against losses of KWD 3.98 million in the prior fiscal year.