Mubasher: The ordinary general meeting (OGM) of National International Holding approved the board’s recommendation to distribute 5% the capital as cash dividends for fiscal year 2017.

National International, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), will pay 5 Kuwaiti fils as dividends to the entitled shareholders, according to a bourse statement on Wednesday.

The dividends will be distributed on 7 June to the shareholders of record date on 30 May 2018.

In FY17, National International posted a decline of 45.4% in profits to KWD 1.37 million compared to KWD 2.51 million in FY16.

At the stock level, National Industries closed Wednesday’s session 4.8% lower at Boursa Kuwait, while the was suspended from trading on the DFM.