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Commercial Facilities’ shareholders approve 18 fils/shr dividend for 2019

Commercial Facilities’ shareholders approve 18 fils/shr dividend for 2019
The payment date is on 1 July
FACIL
FACIL
5.41% 195.00 10.00

Mubasher: Commercial Facilities Company approved the board’s proposal for 2019’s cash dividends during an ordinary general meeting (OGM) held on Wednesday, 3 June.

The shareholders agreed to distribute 18% of the share’s nominal value or 18 fils per share as cash dividends for last year’s earnings, according to a statement to Boursa Kuwait on Thursday.

The record date is on 24 June, while the payment date is on 1 July.

It is noteworthy to mention that in 2019, the Kuwaiti firm achieved net profits of KWD 13.181 million, up from KWD 9.934 million in 2018.