Mubasher: The ordinary and extraordinary general meeting (OMG) and (EGM) of Combined Group Contracting Company approved the board’s recommendation to distribute 20% and 10% of the capital as cash dividends and bonus shares, respectively.

The company will pay 10 fils per share as a dividend for fiscal year 2017, in addition to 10-for-100 shares as a bonus, according to a bourse statement on Wednesday.

Combined Group’s EGM approved to raise the capital to KWD 16.3 million from KWD 14.8 million, as the shares will be increased to 163.4 million instead of 148.5 million at a par value of 100 fils per share.

In FY17, Combined Group achieved a growth of 13% in profits to KWD 4.88 million from KWD 4.32 million in FY16.