Arkan Al Kuwait registered a decrease of 20% in annual profits
ARKAN
ARKAN
-3.64%
106.00
-4.00
ARKAN
Mubasher: Arkan Al Kuwait Real Estate announced that its ordinary general meeting (OGM) approved the board’s recommendation to distribute 8% of the capital as cash dividends for fiscal year 2018.
The shareholders nodded to pay 8 fils per share as dividends at a total value of KWD 2.03 million, according to a bourse statement on Tuesday.
Arkan Al Kuwait’s OGM also elected a new board of directors for the coming period.
In the fiscal year that ended on 31 October 2018, Arkan Al Kuwait registered a decrease of 20% in profits to KWD 2.87 million compared to KWD 3.58 million in the corresponding period a year ago.