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Bayan Investment approves no dividends for FY14

Bayan Investment approves no dividends for FY14
Photo Credit: Arabianeye-Reuters
BAYANINV
BAYANINV`R
-1.63% 66.50 -1.10

Bayan Investment’s ordinary general meeting agreed on the board’s recommendation of freezing dividends for the fiscal year 2014.

Bayan posted a net profit worth KWD 2.51 million ($8.5 million) in FY14, compared to about KWD 983,600 ($3.3 million) in FY13.