By: Ahmed Awad
Kuwait – Mubasher: The Commercial Real Estate Company (Al-Tijaria) said Sunday that its ordinary general meeting agreed to distribute cash dividends at 5% of the share’s par value or 5 fils per share for the fiscal year 2015.
The total cash dividends amount to KWD 9 million ($29.79 million), 43.6% of the company’s profits in 2015.
The OGM earlier approved cash dividends at 6% of the share’s par value of 6 fils per share for the fiscal year 2014.
Al-Tijaria’s profits rose last year by 8.8% to KWD 20.59 million ($68.2 million) from KWD 18.92 million ($62.64 million) in 2014.
The Kuwait-listed company’s stock declined today by 1.22% to 81 fils as 230,700 shares were exchanged at KWD 18,800 ($62,245).
Translated by: Elwy el-Manzalawy
