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Kuwait Investment’s OGM nods to KWD 5.5m dividends for 2018

Kuwait Investment’s OGM nods to KWD 5.5m dividends for 2018
Kuwait Investment’s profits plunged 40.1%
KINV
KINV
-1.01% 196.00 -2.00

Mubasher: Kuwait Investment’s ordinary general meeting (OGM) approved distributing 10% of the share’s nominal value, or 10 fils per share, with total value of KWD 5.47 million as cash dividends for 2018.

The company’s OGM also approved deducting 10%, or KWD 1.044 million, of net profits for the statutory legal reserve, according to the company’s statement to Boursa Kuwait on Monday.

For the full-year 2018, Kuwait Investment’s profits plunged 40.1% to KWD 9.85 million from KWD 16.44 million in the previous year.