Kuwait-Mubasher: First Investment will hold an ordinary general meeting on Sunday to consider the board’s recommendation of distributing 5% bonus shares or 5-for-100 shares for the fiscal year 2015.

The distribution will not lead to an increase in the capital nor the issued shares, the company said in a bourse statement, adding that the dividends will be distributed through the retained earnings.

Furthermore, the shareholders will discuss authorizing the board to purchase or sell 10% or less of its shares.

During FY15, First Investment reported profits worth KWD 1.41 million as compared to KWD 4.24 million in the previous year; a decrease of 67%.