Mubasher: The ordinary general meeting (OGM) of Salhia Real Estate approved distributing 20% of capital as a cash dividend for fiscal year 2017.

Salhia Real Estate will pay 20 fils per share dividends at a total value of KWD 9.85 million ($32.8 million), according to a bourse statement on Monday.

In FY17, the Boursa Kuwait-listed company achieved a growth of 29.4% in profits to KWD 15.82 million compared to KWD 12.23 million in the previous fiscal year.

At the stock level, Salhia Real Estate closed Thursday’s session 0.87% lower at 341 fils.