Mubasher: The ordinary general meeting (OGM) of Kuwait Company for Process Plant Construction and Contracting (KCPC) approved the board’s recommendation of distributing 10% of the capital as a cash dividend for fiscal year 2017.

KCPC will pay 10 fils per share dividends to the entitled shareholders, according to a bourse statement on Wednesday.

The dividends will be distributed on 29 May to the shareholders of record date on 22 May.

It is noteworthy that KCPC reported an increase of 95% in profits to KWD 2.34 million during FY17 compared to KWD 1.2 million in FY16.