Mubasher: Noor Financial Investment’s ordinary general meeting (OGM) consented to the proposed cash dividend distribution of six fils per share or 6% of the company's capital for the fiscal year (FY) 2019, after excluding treasury stocks.
The distributions will be matured to the shareholders registered on records at the end of the maturity date scheduled after 15 business days following the OGM date, while will be paid after three business days from it, according to a stock exchange statement on Wednesday.
It is noteworthy that in 2019, the net profit of Noor Financial plunged by 67.4% to stand at KWD 8.07 million (approx. $26.52 million), compared to KWD 24.8 million ($81.53 million) a year earlier.
