Agility, listed on the Kuwait and Dubai stock exchanges, said that the company's board of directors recommended yesterday, Monday, to reduce the cash distribution percentage from 20% to 5% of the nominal value of the share by 5 fils. Per share.
The company’s board of directors also recommended adjusting the percentage of free distribution (bonus) from 10% to 15% of the capital by 15 shares per 100 shares.
The company explained that these adjustments in the annual dividends come in conjunction with the spread of the Corona virus and its economic implications locally and globally, and the future effects that could result from it. >
She added that it is of the principle of hedging and maintaining the solvency of the company in these exceptional and unforeseen circumstances. To the General Assembly.
Agility's earnings increased 7% last year, to 86.8 million Kuwaiti dinars, compared to profits of 81.1 million Kuwaiti dinars in 2018.
