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Muntazahat approves FY14 dividends, bonus issue

Muntazahat approves FY14 dividends, bonus issue
Photo Credit: Arabianeye-Reuters
MUNTAZAHAT
MUNTAZAHAT
-3.21% 78.30 -2.60

Kuwait Resorts’ (Muntazahat) shareholders agreed on paying 6% cash dividends for the fiscal year 2014, with a total of KWD 1.052 million, as well as distributing 5% bonus shares, according to a bourse filing on Sunday.

Muntazahat, a company operating in the consumer services sector, recorded a net profit worth KWD 3.1 million in 2014 a 10% year-on-year.

Shareholders also elected new board members for the coming three years.

Muntazahat’s extraordinary general meeting on Sunday approved the company’s capital hike.