Mubasher: The ordinary general meeting (OGM) of National International Holding will discuss on 8 May the board’s recommendation to distribute 5% of the capital as a cash dividend for fiscal year 2017.

National International, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), will consider paying 5 fils per share to the entitled shareholders as a dividend for FY17, according to a bourse statement on Tuesday.

The shareholders will also consider transferring 10% of the profits or nearly KWD 145,890 to the legal reserves, in addition to not transferring 10% of the income to the optional reserves account.

In FY17, National International reported a decline of 45.4% in profits to KWD 1.37 million ($4.57 million) compared to KWD 2.51 million ($8.37 million) in the prior fiscal year.