Kuwait – Mubasher: The ordinary general meeting (OGM) of Oula Fuel Marketing approved distributing 5% of capital as cash dividends.

The company will pay 5 fils per share to the entitled shareholders as dividends for fiscal year 2016, according to a bourse statement issued on Monday.

During FY16, Oula Fuel posted a decline of 13.2% in profits to KWD 3.48 million from KWD 4.01 million in FY15.