Mubasher: The ordinary general meeting (OGM) of Kuwait Cement approved distributing 20% of capital as cash dividends for fiscal year 2016.

The company will pay 20 fils per share to the entitled shareholders, according to a bourse filing issued on Wednesday.

During the fiscal year, Kuwait Cement achieved KWD 19.49 million in profits compared to KWD 19.29 million in FY15; a year-on-year rise of 1.04%.

At the stock level, Kuwait Cement closed Wednesday’s session at 490 fils.