Kuwait Ooredoo approves 50 fils/shr dividends for 2019
The distributions will be paid on April 9, 2020
By Staff Writer, Mubasher
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).
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