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Kuwait Cement to pay 20 fils/shr dividends

Kuwait Cement to pay 20 fils/shr dividends
A previous OGM of Kuwait Cement (Photo Credit: Mubasher)
KCEM
KCEM
-4.95% 192.00 -10.00

Kuwait-Mubasher: Kuwait Cement’s ordinary general meeting agreed on distributing cash dividends at 20% of capital or 20 fils per share for the fiscal year 2015, according to a statement.

Dividends payout will start15 May for the shareholders registered on 3 May.

During FY15, earnings stood at KWD 19.3 million as compared to KWD 17.32 million in FY14, a growth of 11.4%.

Shareholders have elected new board members for the coming period from 2016 to 2018.

On KSE, the stock rose by 1.3% to 390 fils, after around 193,600 shares were traded with a value of nearly KWD 70,500.