(MENAFN) Kuwait-based Alargan Intl Real Estate Co. proclaimed that it has won approval at the firm's annual general meeting to issue 10 percent cash dividends.
Furthermore, the AGM has confirmed to pay dividends to stakeholders recorded in the firm's records of the maturity date June 13, 2017.
Additionally, the developer recorded solid increase for the fiscal year 2016 with its net profit surging to reach USD5.91mn and earnings per share at 7.09 fils.
Last year, the Kuwaiti real estate firm's revenue also surged to reach KD26.8mn, up 37 percent compared to the previous year's KD19.5mn.
MENAFN3005201700450000ID1095522581
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.