Kuwait-Mubasher: The ordinary general meeting of Palms Agro Production agreed on distributing 10% cash dividends of the capital or 10 fils per share, according to a recent statement.

The KSE-listed firm clarified that the approved dividends will total about KWD 523,160 for the fiscal year 2015.

During FY15, Palms Agro achieved a growth of 91.1% in earnings which reached approximately KWD 892,500 as compared to nearly KWD 467,100 in FY14.

On KSE’s level, the stock settled at 110 fils, after around 3,500 shares were traded with a value worth KWD 385.