Kuwait – Mubasher: Osos Holding Group Company’s ordinary general meeting (OGM) approved on Wednesday cash dividends at 7.5% of the stock’s par value (7.5 fils per share) for the fiscal year 2015, totalling KWD 2.01 million.
The OGM also agreed to elect new board of directors, according to a bourse filing.
The company’s shareholders earlier agreed to withhold dividends for the fiscal year 2014.
Osos’s profits rose last year by 1,484.4% to KWD 2.31 million from KWD 145,800 in 2014.
The Kuwait listed company’s stock shrank in today’s session by 2% to 102 fils.
