Mubasher: The ordinary general meeting (OGM) of Al Imtiaz Investment Group approved the board’s recommendation to distribute 7% of the capital as a dividend at a total value of KWD 7.61 million.

The Kuwait-based investment firm will pay 7 fils per share on 23 April to the entitled shareholders of records on 5 April.

During FY17, Al Imtiaz achieved a growth of 125% in profits to KWD 30.85 million compared to KWD 13.73 million in the previous fiscal year.

At the stock level, Al Imtiaz closed Wednesday’s session 1.4% lower at 139 fils after 2.2 million shares were exchanged.