Mubasher: The board of Tamdeen Investment recommended distributing a cash dividend of 10% for fiscal year 2016, according to a bourse statement issued on Thursday.

The company will pay 10 fils per share to the entitled shareholders.

During the fiscal year, profits decreased by 42% to total KWD 6.69 million from KWD 11.52 million in FY15.

At the stock level, Tamdeen closed Thursday’s session at 320 fils, after about 48,560 shares were traded at a value of nearly KWD 15,540.