Al Mazaya approves 7% cash dividend for 2015

29/03/2016 05:52 AST

Al Mazaya Holding said it approved 7 per cent cash dividend to shareholders for 2015 at its Ordinary General Assembly Meeting, which was held on March 28.

Al Mazaya Holding was able to maintain steady performance levels and positive results in 2015, proving an exceptional ability to be immune from economic and geopolitical fluctuations, in the surrounding region. The company has continued to achieve positive leaps in its financial results and reported a net profit of 9.32 million Kuwaiti dinar, by end of 2015, a 15.2 per cent increase from 8.09 million Kuwaiti dinars, by end of 2014.

Rashid Yaqoub Al Nafisi, Chairman of the Board, called the meeting to order, in the presence of shareholders, members of the board, Group CEO Eng. Ebrahim Al Soqa’abi, a representative from the Ministry of Commerce and Industry, and representatives from the company’s external auditors. Investors and media representatives, from across the GCC, were also in attendance.


Gulfnews

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