Mubasher: Mubarrad Holding Co’s ordinary general meeting (OGM) approved the board’s recommendation to distribute 5% of the capital as a cash dividend for fiscal year 2017.

The company will pay 5 fils per share to the entitled shareholders, with a total value of about KWD 818,500, according to a bourse statement on Sunday.

The dividends will be distributed on 20 May to the shareholders of record date 8 May.

In FY17, Mubarrad Holding achieved an increase of 44.9% in profits to KWD 1.84 million compared to KWD 1.27 million in the prior fiscal year.