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National Industries nods to 10% dividends for FY17

National Industries nods to 10% dividends for FY17
The dividends will be distributed on 31 May
NIND
NIND
0.46% 220.00 1.00

Mubasher: The ordinary general meeting (OGM) of National Industries Group Holding approved the board’s recommendation to distribute 10% of the capital as cash dividends for fiscal year 2017.

National Industries, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), will pay 10 fils per share to the entitled shareholders as a dividend for FY17, according to a bourse statement on Thursday.

The dividends will be distributed on 31 May to the shareholders of record date on 24 May.

In FY17, National Industries achieved a profit of KWD 24.16 million against losses of KWD 24.19 million in the prior fiscal year,

At the stock level, National Industries closed Thursday’s session in 160 fils at Boursa Kuwait. Meanwhile, the stock registered zero trades in the DFM.