Mubasher: The ordinary general meeting (OGM) of Burgan Company for Well Drilling, Trading and Maintenance (ABAR) will discuss on 11 September the board’s recommendation to distribute 5% bonus shares for the fiscal year ending 31 March 2017.

ABAR’s capital amounts to KWD 22.01 million, distributed across 220.1 million shares at a nominal value of 100 fils per share, with 1.75 million shares as treasury stocks.

The company’s profits increased 3.8% to KWD 2.46 million in the fiscal year ending 31 March 2017, as compared to KWD 2.37 million in the previous year.

ABAR’s stock declined 1.18% to 84 fils at Wednesday’s close, with 2,000 shares traded at KWD 168.