Arkan Al Kuwait’s shareholders nod to 8% dividends for FY19
Arkan Al Kuwait will pay 8 fils per share in dividend
By Staff Writer, Mubasher
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.
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