Independent Petroleum Group’s (IPG) ordinary general meeting (OGM) approved a cash dividend of 25% or 25 fils per share, with a total of KWD 3.8 million.

IPG noted that the ex-dividend date will be Wednesday, 11 March.

Earnings of the petroleum firm declined by 39% to KWD 3.7 million ($13.05 million) in the fiscal year 2014.