Mubasher: Mobile Telecommunications (Zain) will hold its ordinary general meeting (OGM) on Wednesday, 28 March, to discuss the board’s recommendation of distributing 35% of the capital as cash dividends for fiscal year 2017.

Zain Kuwait intends to pay 35 fils per share dividends for FY17, according to a bourse statement on Tuesday.

The telecom company will distribute the dividends on 17 April to the shareholders registered on 11 April.

During FY17, Zain Kuwait posted a slight rise of 0.8% in profits to KWD 160 million in FY17 compared to KWD 158.7 million in FY16.