Kuwait Ooredoo approves 50 fils/shr dividends for 2019

The distributions will be paid on April 9, 2020

Kuwait  - The National Mobile Telecommunications Company’s (Ooredoo) ordinary general meeting (OGM) on Tuesday consented to the board’s proposal to distribute cash dividends of 50 fils per share or 50% of the share’s nominal value for 2019 after deducting treasury shares.

The distributions will be due to the equityholders registered on records of 31 March 2020, while will be paid on 9 April, according to a bourse disclosure.

During its meeting, the shareholders further approved distributing a remuneration worth KWD 538,000 to the board of directors for 2019.

Over 2019, Ooredoo’s net profit grew by 1% year-on-year (YoY) to KWD 30.1 million ($99 million).

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities