Mubasher: The ordinary general meeting (OGM) of Al Ahleia Insurance approved the board’s recommendation to distribute 35% of capital as a cash dividend for fiscal year 2017.

Al Ahleia will pay 35 fils per share at a total value of KWD 6.88 million, according to a bourse statement on Tuesday.

The shareholders agreed on deducting KWD 1 million of FY17 profits to add it to the company’s private optional reserves.

The dividends will be distributed on 19 April to the shareholders of record date 10 April.

During FY17, Al Ahleia posted a decline of 4.9% in profits to KWD 8.61 million compared to KWD 9.05 million in FY16.