Kuwait-Mubasher: Acico Industries will hold its ordinary and extraordinary general meetings on Sunday to discuss the distribution of 10% cash dividends and 5% bonus shares for the fiscal year 2015, according to a bourse statement.

The KSE-listed firm will consider paying 15 fils per share to shareholders, at a value of KWD 4.09 million, after deducting treasury shares.

Acico’s shareholders will discuss distributing 5-for-100 shares, with a value of KWD 1.37 million.

Furthermore, the EGM will consider raising the capital to KWD 28.8 million from KWD 27.4 million, through the value of the distributed bonus shares.

During FY15, Acico achieved a rise of 0.48% in profits which stood at KWD 8.38 million as compared to KWD 8.34 million in FY14.