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National Industries nods to FY17 dividends

National Industries nods to FY17 dividends
The company will pay 8 fils per share as dividends for FY17
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Mubasher: The ordinary general meeting (OGM) of National Industries approved the board’s recommendation to distribute 8% of the capital as a cash dividend for fiscal year 2017.

The company will pay 8 fils per share as dividends for FY17 to the entitled shareholders, according to a bourse statement on Wednesday.

National Industries will distribute the dividends on 1 May to the shareholders of record date on 26 April.

In FY17, National Industries achieved a surge of 316.1% in profits to KWD 3.22 million compared to about KWD 773,930 in the prior fiscal year.