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Kuwait Foundry to pay 10 fils/shr for FY14

Kuwait Foundry to pay 10 fils/shr for FY14
Photo Credit: Arabianeye-Reuters
KFOUC
KFOUC
3.23% 544.00 17.00

Kuwait Foundry’s ordinary general meeting agreed on paying a cash dividend of 10% or 10 fils per share.

The firm approved the amendments of some articles of association and statute.

The company posted a net profit of KWD 2.42 million ($8.16 million) in 2014, compared to KWD 2.22 million ($7.49 million) in 2013.

Kuwait Foundry’s capital totals KWD 15.4 million, distributed on 154 million shares with a par value of 100 fils per share.