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Al Mowasat’s shareholders approve FY15 dividends, delisting

Al Mowasat’s shareholders approve FY15 dividends, delisting
Al Mowasat Health Care’s OGM approve 15% dividends (Photo Credit: Arabianeye-Reuters)
MHC
MHC`R
-17.00% 400.00 -80.00

Kuwait-Mubasher: Al Mowasat Health Care’s ordinary general meeting (OGM) agreed on distributing 15% cash dividends of capital or 15 fils per share, according to a statement.

During the fiscal year 2015, the Kuwait-listed firm achieved profits worth KWD 3.34 million as compared to KWD 2.01 million in FY14.

The company said shareholders nodded for a voluntary withdrawal from the Kuwait Stock Exchange (KSE).

Also, Al Mowasat’s OGM endorsed the election of new board members for the coming three-year term.