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Zain board proposes dividend payout for FY16

Zain board proposes dividend payout for FY16
Photo Credit: Arabianeye-Reuters
BZII
BZII
0.00% 0.34 0.00
Zain
ZAINBH
6.40% 0.13 0.01
ZAIN
ZAIN
1.03% 490.00 5.00

Mubasher: The board members of Zain Group recommended a cash dividend of 35 fils per share for the fiscal year 2016.

This dividend proposal is subject to the annual general assembly and regulatory approvals, according to a recent statement.

Zain Group has reported a growth of 2% in profits during FY16 as consolidated net income reached KWD 157 million ($519 million).