Mubasher: Salhia Real Estate’s ordinary general meeting (OGM) consented to the proposed dividend distribution of 25 fils per share or 25% of the share’s nominal value for the fiscal year 2019.

During its meeting, the OGM further approved last year’s financial results and authorised the board to buy or sell not more than 10% of the company’s shares, according to a bourse statement on Wednesday.

In 2019, the real estate firm’s profits amounted to KWD 21.52 million ($70.82 million), up by 24% from KWD 17.31 million ($56.97 million) in 2018.