Mubasher TV
Contact Us Advertising   العربية

Qurain shareholders nod to 11% dividends

Qurain shareholders nod to 11% dividends
The company will pay 11 fils per share
ALQURAIN
ALQURAIN
0.00% 261.00 0.00

Kuwait – Mubasher: The ordinary general meeting (OGM) of Qurain Petrochemical Industries approved distributing 11% of capital as cash dividends for the fiscal year ended 31 March 2017.

The company will pay 11 fils per share to the entitled shareholders, with a total of KWD 11.46 million, according to a bourse statement issued on Tuesday.

The cash dividends will be paid on 17 July to the shareholders registered on the maturity date of 10 July. 

During the fiscal year ended 31 March 2017, Qurain reported a growth of 41.4% in profits to KWD 34.94 million from KWD 24.71 million in the prior fiscal year.