Shareholders approved the Board of Director’s recommendation to distribute 10% cash dividend (10 fils per share), equivalent to KWD3.4mn, which represents 33% of the net profits.
The eAGM was chaired by the company’s Vice Chairman, Entisar Abdul Raheem Al-Suwaidi, who discussed the Board of Director’s report highlighting key milestones achieved during 2021. The Company achieved a net profit of KWD10.3mn (EPS: 30.14 fils) during 2021, compared to a net loss of KWD2.7mn (EPS: -7.85 fils) in 2020.