Mubasher: The general assembly of Heavy Engineering Industries and Shipbuilding (HEISCO) approved the distribution of 30% of the company’s issued and paid capital in cash dividends for the fiscal year 2018.

The approved dividends stood at SAR 0.3 per share, according to a company statement.

HEISCO is targeting KWD 191 million ($627.92 million) revenue in 2019, chairman Adnan Mosaeed Al Kharafi stated.

The Boursa Kuwait-listed company achieved a surge of 62.15% in profits during the fourth quarter of 2018 compared to the same period a year ago, recording KWD 2.54 million ($8.37 million).