Mubasher: The ordinary general meeting (OGM) of Ajial Real Estate Entertainment approved the board’s recommendation to distribute 5% of capital as cash dividends for fiscal year 2017.

Ajial will pay 5 fils per share on 29 March to the shareholders of records on 26 March as the maturity date, according to a burse statement on Monday.

In FY17, Ajial Real Estate achieved a surge of 101.3% in profits to KWD 3 million compared to KWD 1.49 million in the previous fiscal year.

At the stock level, Ajial Real Estate closed Monday’s session 0.62% lower at 160 fils.