Mubasher: The ordinary general meeting (OGM) of National Petroleum Services (Napesco) has approved on Wednesday 17 May the board of directors’ recommendation to distribute cash dividends to shareholders for 2016 at 80 fils per share.

The dividends will represent 80%, according to the company’s statement to Boursa Kuwait.

Last year, Napesco achieved a 35.6% increase in profits to KWD 7.71 million from KWD 5.69 million in 2015.