Arkan Al Kuwait’s shareholders nod to 8% dividends for FY19

Arkan Al Kuwait will pay 8 fils per share in dividend

  
Kuwait - Arkan Al Kuwait Real Estate’s ordinary general assembly approved a proposal for paying an 8% cash dividend, for the fiscal year ended 31 October 2019, according to its bourse statement.

Arkan Al Kuwait will pay 8 fils per share, or a total value of KWD 2 million, to the entitled shareholders on the due date, within one month of the announcement, the company said in a disclosure to Boursa Kuwait.

Arkan Al Kuwait’s assembly also approved the distribution of bonuses to board members totalling KWD 53,000, and saving 10% for the statutory reserve, or KWD 248,090.

The entitled shareholders are those included in the company’s share registry.

The announcement came after the approval of Shariah and governance supervision board.

Source: Mubasher

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