Kuwait – Mubasher: Tamdeen Investment said it completed its agenda and increased its investments in Tamdeen Real Estate by 3.25 KWD million, according to Alanba newspaper.
The company achieved several items on its agenda in terms of operational and investment activities in 2016, according to the newspaper.
This included the implementation of corporate governance regulations approved by the Kuwaitit Capital Market Authority (CMA), which were executed to maintain the interests of the company and its shareholders, Alanba reported, citing Tamdeen Investment’s CEO Nawaf Al Marzouq as saying.
Revenues increased through cash dividend received from the company’s investment in Ahli United Bank (AUB) during 2016, which stood at KWD 7.2 million, compared to KWD 6.3 million in 2015, Al Marzouq told Alanba.
On Monday, Tamdeen Investment’s shareholders approved distributing a cash dividend of 10% from its share's par value at 100 fils per share after deducting treasury shares.
