The ordinary general meeting (OGM) of Kuwait Telecommunication Company (Viva) has approved no dividends for the fiscal year ended 31 December, 2014. Viva posted a net profit of KWD 40.36 million in 2014, compared to KWD 24.25 million in 2013.
The OGM has elected a new board including, Saudi Telecom Company, Kuwait Investment Authority, Public Institute for Social Security, Zakat House, and STC Gulf Investment Holding.
Viva’s capital stands at KWD 49.94 million, distributed on 499.40 million shares with a par value of 100 fils per share.
