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Oula Fuel nods to FY16 dividends

Oula Fuel nods to FY16 dividends
Photo credit: Arabianeye-Reuters
OULAFUEL
OULAFUEL`R
-0.99% 502.00 -5.00

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.