Mubasher: The ordinary general meeting (OGM) of Educational Holding Group approved the recommendation of the board members to distribute 59.442% of the share’s nominal value as cash dividends to shareholders for the fiscal year ending on 31 August 2019.
The approved dividends stand at 59.442 fils per share, with a total value of KWD 14.581 million, according to a statement to Boursa Kuwait on Tuesday.
The dividends include KWD 9.98 million as retained earnings, KWD 3.51 million as an issue premium, and KWD 1.09 million as general reserve.
The dividends will be matured to the shareholders of record date on 16 January 2020, while they will be distributed on 22 January.
It is noteworthy to mention that Educational Holding’s annual profits jumped to KWD 7.75 million, up by over 4800% from KWD 157,300 during the fiscal year ended on 31 August 2019.
