Al-Nawadi Holding Company’s ordinary general meeting approved a cash dividend of 5% (5 fils per share), added to the previous recommendation of a 10% bonus share.

The firm posted a net profit worth KWD 2.76 million ($9.28 million) in 2014, compared to KWD 1.95 million ($9.56 million) in 2013.

The KSE-listed firm has signed a primary sale contract of a real estate property for KWD 3.6 million ($11.98 million). The deal was registered as KWD 4,250 million in the financial records of 31 December, 2014, while the financial impact will show in the financial statements of Q2-2015.

Al-Nawadi’s capital totals KWD 16.53 million, distributed on 165.30 million shares with a par value of 100 fils a share.