Zain Group OKs dividend of 25 fils – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

Zain Group OKs dividend of 25 fils – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

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KUWAIT CITY, April 12: The Zain Group Annual General Meeting on Wednesday approved the recommended cash dividend of 25 percent (25 fils per share) for the fiscal year ended on December 31, 2022. This 25 fils dividend for H2 2022 follows the semi-annual dividend of 10 fils distributed earlier in 2022, totaling 35 fils per share for the year and reflects a two fils increase on the previous three years and a 78 percent payout ratio, one of the highest in the region, it said in a statement.

The meeting also approved Zain’s adoption of a minimum cash dividend policy of 35 fils per share for three years, commencing 2023, it added. Zain Group Chairman Ahmad Al-Tahous said during the general assembly meeting: “Over the past three years the Board focused on multiple initiatives to build a sustainable digital communications company.”