Mubasher: Arkan Al Kuwait Real Estate will hold its ordinary general meeting (OGM) on Wednesday, 21 February, to consider the board members’ recommendation of distributing 8% of capital as cash dividends.

The board of the Kuwait-based real estate developer has proposed to pay a dividend of 5 fils per share to shareholders for fiscal year ended on 31 October 2017, according to a recent bourse statement.

Late January 2018, the Boursa Kuwait-listed company announced its income, which reported a growth of 46.7% in profits to KWD 3.58 million in the fiscal year ended on 31 October 2017 compared to KWD 2.44 million for the corresponding period in the prior year.