Mubasher: The shareholders of Kuwait National Cinema approved the board’s recommendation to distributed 55% of capital as cash dividends for FY17.

National Cinema will pay 55 fils per share to the entitled shareholders of records on 19 April, while the distribution date will be on 25 April, according to a bourse statement on Tuesday.

During FY17, the Kuwait-listed firm achieved a growth of 9% in profits to KWD 10.17 million compared to KWD 9.33 million in FY16.

At the stock level, National Cinema closed Tuesday’s session at KWD 1.095.