Kuwaiti developer Mabanee approves $45.7mln cash dividends – ZAWYA

  • Date: 12-Apr-2020
  • Source: Zawya
  • Sector:Real Estate
  • Country:Kuwait
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Kuwaiti developer Mabanee approves $45.7mln cash dividends – ZAWYA

The proposed 14 fils per share dividends was approved at Mabanee Company's ordinary general meeting (OGM) held recently.. A major player in the region, Mabanee operates under five main business lines - real estate development; ownership, construction, management and operation of commercial malls; projects management; establishment and management of real estate investment portfolios and logistics.. The OGM also approved a six-for-100 bonus issue or 6% of the capital, equivalent to 62.55 million shares, stated Mabanee Company in its filing to Kuwaiti bourse.. The content of the article is syndicated or provided to this website from an external third party provider..