Kuwait – Mubasher: The ordinary general meeting (OGM) and extraordinary general meeting (EGM) of National Industries approved distributing 10% of capital as cash dividends.

The company will pay 10 fils per share to the entitled shareholders for fiscal year 2016, according to a bourse statement issued on Sunday.

National Industries has reported a plunge of 90.1% in profits during FY16 to about KWD 773,930 from KWD 7.79 million in FY15.

At the stock level, National Industries closed Sunday 0.97% higher at 208 fils.