Tamdeen board recommends 6% dividend payout for FY10
Kuwait Stock Exchange (KSE) announces that the board of Al-Tamdeen Investment Co. has approved financial statements for the FY that ended on 31/12/2010, as follows:
- Financial statements:
Item
|
FY ended 31/12/2010
|
FY ended 31/12/2009
|
Profit) (KWD)
|
3.440.249
|
2.266.116
|
EPS (fils)
|
11.36
|
7.31
|
Total current assets
|
72.816.412
|
58.429.215
|
Total assets
|
158.067.666
|
126.450.780
|
Total current liabilities
|
57.596.742
|
58.286.221
|
Total liabilities
|
57.689.165
|
58.362.042
|
Total shareholders’ equity
|
100.378.501
|
68.088.738
|
Revenue and expenses of dealings with related parties totaled KWD 382.973 and KWD 114.807 respectively.
The Central Bank of Kuwait (CBK) ratified these statements on 24/02/2011.
2) Proposed dividend:
The board recommended paying cash dividend at 6% of par value (6 fils per share) for FY10. Shareholders of record on their meeting date are entitled to this dividend.
This proposal is pending the approval of shareholder meeting and competent authorities.
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