Kuwait-Mubasher: Coast Investment and Development shareholders approved withholding a dividend payout for the fiscal year 2014, according to the Kuwait Stock Exchange.

Coast’s profit skyrocketed 1207% to reach JOD 9.7 million ($32.3 million) in 2014, compared to JOD 876,000 ($2.9 million) in 2013.

The company’s capital amounts to JOD 62.52 million, distributed on 625.2 million shares at 100 fils par value each.