Mubasher: The ordinary general meeting (OGM) of Privatization Holding approved the board’s recommendation to distribute 5% of the capital as a cash dividend for fiscal year 2017.
The company will pay 5 fils per share dividends on 27 June to the shareholders of record date on 21 June, according to a bourse statement on Monday.
The shareholders also elected new board members for the coming three years until 2021.
In FY17, Privatization Holding achieved a profit of KWD 3.15 million against losses of KWD 2.45 million in the prior year.
At the stock level, Privatization Holding closed Monday’s session at 59.5 fils.
