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Kuwait Hotels approves freezing FY14 dividends

Kuwait Hotels approves freezing FY14 dividends
Photo Credit: Arabianeye-Reuters
KHOT
KHOT
-4.81% 178.00 -9.00

Kuwait Hotels’ ordinary general meeting approved the board’s recommendation of withholding dividends distribution for the fiscal year 2014, according to a bourse filing.

The company reported about KWD 9,700 earnings in FY14, compared to nearly KWD 139,100 in FY13.