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Markaz shareholders nod to FY16 dividends

Markaz shareholders nod to FY16 dividends
Photo Credit: Arabianeye-Reuters
MARKAZ
MARKAZ
-0.75% 133.00 -1.00

Mubasher: The ordinary general meeting (OGM) of Kuwait Financial Centre (Markaz) approved the board’s recommendation of distributing 6% of capital as cash dividends for fiscal year 2016.

The company will pay 6 fils per share to the entitled shareholders, according to a bourse statement issued on Wednesday.

During FY16, the company achieved a growth of 39.9% in profits to KWD 4.03 million from KWD 2.88 million in FY15.