NIC to distribute 28% cash dividend at 28 fils per share

NIC to distribute 28% cash dividend at 28 fils per share

KUWAIT: The National Investments Company (NIC) held its ordinary general assembly on Monday (1/5/2023) at its headquarters in Al-Khaleejia Complex, with an attendance rate of 73.65 percent. The assembly was authorized by the shareholders in person and electronically. The Chairman of the Board Bader Nasser Al-Kharafi kicked off the meeting by welcoming all shareholders, thanking them for their continuous support and precious trust, which is always the primary motivator for the company and a key reason for its stability.

Attendees have approved the agenda suggested by the Board of Directors. In his speech, Al-Kharafi said that by the end of last year, 2022, National Investments Company achieved profits of KD 8.7 million; therefore, the board has recommended distributing a 28 percent cash dividend of the capital at 28 fils per share (after subtracting the treasury shares) for the financial year ended 31 December, 2022, to shareholders registered in the Company’s records per the applicable maturity dates and rules.

Al-Kharafi also thanked shareholders for their trust, which positively impacted the company’s systematic strategy at the level of the investment sector, achieving encouraging indicators at all levels despite local and global challenges that affected the performance of companies, banks, and business sectors in general.

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