Mubasher: The ordinary general meeting (OGM) of Salhia Real Estate approved the board’s recommendation to distribute 20% of the capital as cash dividends for fiscal year 2018.

Salhia Real Estate will pay 20 fils per share to the entitled shareholders as a cash dividend for FY18, according to a bourse statement on Monday.

The shareholders also approved electing eight members for the board of directors for the coming three years.

In FY18, Salhia Real Estate reported an increase of 9.4% in profits to KWD 17.31 million compared to KWD 15.82 million in the prior fiscal year.

At the stock level, Salhia closed Monday’s session at 345 fils.