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Muntazahat to pay 5% dividends

Muntazahat to pay 5% dividends
Photo Credit: Arabianeye-Reuters
MUNTAZAHAT
MUNTAZAHAT
-1.11% 80.00 -0.90

Mubasher: The ordinary general meeting (OGM) of Kuwait Resorts (Muntazahat) approved paying 5% of the capital as cash dividends or 5 fils per share for fiscal year 2016, according to a bourse filing issued on Wednesday.

During FY16, the company’s profits declined by 27.5% to KWD 2.3 million from KWD 3.17 million in FY15.

At the stock level, Muntazahat closed Wednesday’s session 1.16% higher at 87 fils.