Mubasher: National Investments on Tuesday announced that its share in Kuwait Foundry’s approved distributing cash dividends amounted to KWD 3.9 million ($12.81 million).

The dividends share’ financial impact on National Investments will be represented by an increase in its cash, according to a bourse statement.

On Sunday, the shareholders of Kuwait Foundry approved distributing cash dividends as well as reducing the capital.

National Investments reported a 64% year-on-year profit increase during the first quarter of the fiscal year 2019, recording KWD 5.48 million ($18.06 million).