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Flex Resorts approves freezing FY14 dividends

Flex Resorts approves freezing FY14 dividends
Photo Credit: Arabianeye-Reuters
FLEX
FLEX`R
4.00% 47.00 2.00

The ordinary general meeting (OGM) of Flex Resorts and Real Estate, listed on KSE’s Parallel Market, agreed on withholding dividends for the fiscal year 2014.

Flex posted about KWD 160,500 earnings ($534,300) in the fiscal year 2014, against KWD 1.81 million ($6.02 million) in the previous year.