Mubasher: The ordinary general meeting (OGM) of Kuwait Resorts (Muntazahat) has approved the board’s recommendation of distributing 5% of the capital as bonus shares for fiscal year 2018.

Muntazahat will distribute 5-for-100 shares to the entitles shareholders as bonus for FY18, according to a burse disclosure on Tuesday.

The bonus holds a maturity date of 13 May to the shareholders of record date on 9 May.

During FY18, Muntazahat posted a decline of 32.1% in profits to KWD 1.29 million compared to KWD 1.9 million in FY17.