Kuwait – Mubasher : Al Aman Investment Company’s ordinary general meeting (OGM) approved on Sunday cash dividends at 5% of the share’s par value (5 fils per share) for the fiscal year 2015.
The stock will trade ex-dividend as of Monday, according to a bourse filing.
The OGM earlier agreed on distributing the same cash dividends for the fiscal year 2014.
The company is capitalised at KWD 19.65 million ($65.05 million) distributed on 196.5 million shares with a nominal value of 100 fils.
Al Aman’s profits plunged last year by 60.6% to KWD 1.47 million ($4.86 million) from KWD 3.73 million ($12.34 million) in FY14.
The Kuwait-listed company’s stock stood at 57 fils in today’s session as 493,300 shares were traded through 18 transactions worth KWD 28,080 ($92,971).
