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Al-Mal Investment approves no dividends for FY14

Al-Mal Investment approves no dividends for FY14
Photo Credit: Arabianeye-Reuters
ALMAL
ALMAL
-3.28% 5.90 -0.20

By: Ahmad Awad

Kuwait-Mubasher: Al-Mal Investment’s ordinary general meeting agreed on freezing dividends for the fiscal year 2014.

Al-Mal posted losses worth KWD 4.8 million ($15.9 million) in 2014, compared to KWD 9.37 million ($31.1 million) in 2013.

The KSE-listed firm’s capital amounts to KWD 23.4 million, distributed on 234.25 million shares with a par value of 100 fils a share.