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Gulf Glass approves dividends of FY14

Gulf Glass approves dividends of FY14
Photo Credit: Arabianeye-Reuters
GGMC
GGMC
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Gulf Glass Manufacturing’s ordinary and extraordinary general meetings agreed on distributing a cash dividend of 30% or 30 fils per share, as well as a bonus share of 5% or five shares per each 100 shares for the fiscal year of 2014.

The ex-dividend date of Gulf Glass’s stock starts 21 April, 2015.

The EGM agreed on amending some articles of the company’s association and statute.

The KSE-listed firm posted earnings worth KWD 1.83 million in 2014, compared to KWD 2.01 million in 2013, falling by 9%.

Gulf Glass’s capital amounts KWD 4.44 million, distributed on 44.42 million shares with a par value of 100 fils per share.