Mubasher: The ordinary general meeting (OGM) of Trafco Group has approved a cash dividend for 2016 at 17 fils per share, representing 17% of the company’s capital.

Dividends for 2016 will total BHD 1.37 million, the food staples company said in a filing to the Bahrain Bourse (BHB) on Sunday.

The OGM also approved the decision to transfer BHD 175,500 to the company’s legal reserve and BHD 50,000 to the general reserve, while BHD 60,000 have been allocated to corporate social responsibility (CSR).

Trafco reported a profit of BHD 1.74 million in 2016, up 1.2% from BHD 1.72 million in 2015.