Mubasher TV
Contact Us Advertising   العربية

Americana considers amending dividends maturity date

Americana considers amending dividends maturity date
Americana’s board members have recommended paying 615 fils per share
Americana
FOOD
0.00% 1,261.00 0.00

Kuwait – Mubasher: Kuwait Food – Americana on Thursday announced that it will amend the board’s recommendation of distributing dividends on the entitled shareholders.

The amendments follow the new trading rules recently set by Boursa Kuwait and the change in pricing limits, according to a bourse statement issued on Thursday.

The maturity date of the proposed dividends and bonus shares will be disclosed after Americana’s extraordinary general meeting (EGM) on 5 June.

Americana’s board members have recommended paying 615 fils per share as cash dividends for fiscal year 2016, as well as the voluntary withdrawal from the stock market.

During FY16, Americana achieved a growth of 7% in profits to KWD 46.97 million from KWD 43.9 million in FY15.