Mubasher: Al Kout Industrial Projects will hold its ordinary general meeting (OGM) on 2 May to consider distributing 50% of capital as cash dividends for fiscal year 2016.

The company will pay 50 fils per share to the entitled shareholders, with an overall value of KWD 5.045 million, according to a bourse statement issued on Tuesday.

During FY16, the company achieved a rise of 10.2% in profits to KWD 5.84 million from KWD 5.3 million in FY15.