Mubasher: The ordinary general meeting (OGM) of Unicap Investment and Finance approved on Tuesday the board’s recommendation to distribute 3% of the capital as a cash dividend for fiscal year 2017.

Unicap will pay 3 fils per share to the entitled shareholders, with a total value of about KWD 713,100.

The dividends will be distributed on 31 May to the shareholders of record date on 30 April 2018, according to a bourse statement.

In FY17, the company achieved a growth of 3.6% in profits to KWD 1.44 million compared to KWD 1.39 million in the previous fiscal year.

At the stock level, Unicap closed Tuesday’s session at 48.8 fils.