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Kuwait’s Mayadeen delays OGM on lack of quorum

Kuwait’s Mayadeen delays OGM on lack of quorum
Photo Credit: Arabianeye-Reuters
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National Ranges (Mayadeen) said Wednesday it decided to postpone its ordinary general meeting scheduled for 20 May due to lack of quorum.

The meeting was going to discuss the board's recommendation of withholding dividend payout for 2014.

Kuwait-listed Mayadeen suffered KWD 7.65 million in losses in 2014, compared with KWD 1.86 million a year earlier.