Gulf Cable and Electrical Industries’ ordinary general meeting approved the distribution of 20% cash dividends or 20 fils per share for the fiscal year ended 31 December, 2015.

The firm reported a net profit of KWD 4.55 million ($15.15 million) in 2014, compared to KWD 9.97 million ($33.19 million) in the previous year.

Gulf Cable’s capital stands at KWD 20.99 million, distributed on 209.9 million shares with a par value of 100 fils per share.