Kuwait  - The board of Agility Public Warehousing, dually listed on Boursa Kuwait and the Dubai Financial Market (DFM), has decided to pay out 5% cash dividends to shareholders for 2019, instead of 20%.

The new dividend distribution stands at 5 fils per share, according to the company's disclosure to Boursa Kuwait on Tuesday.

The decision to lower the cash dividends for last year came amid the local and international economic consequences of the coronavirus (COVID-19) outbreak.

Meanwhile, the board has also changed the bonus share distribution to 15% bonus shares or 15 shares for every 100 shares, up from 10%.

It is noteworthy to mention that in 2019, the company's profit increased by 7% year-on-year (YoY) to KWD 86.8 million, compared to KWD 81.1 million in 2018.

Source: Mubasher

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