Coast Investment and Development’s ordinary and extraordinary general meetings will be held on 7 May to discuss the board’s recommendation of freezing dividends for the fiscal year 2014.

The firm posted earnings worth KWD 9.7 million ($32.3 million) in 2014, against losses worth about KWD 876,000 ($2.9 million) in 2013.

Coast’s capital totals KWD 62.52 million, distributed on 625.2 million shares with a par value of 100 fils a share.