Mubasher: Bahrain Kuwaiti Insurance Company said Sunday that its ordinary general meeting (OGM) approved the board of director’s proposal to distribute cash dividends at 30% of the capital for the fiscal year 2015.

The OGM also adopted the board and auditor’s report on last year’s activities.

The company’s shareholders earlier agreed to pay cash dividends at 35% of the capital for the fiscal year 2014, totalling BHD 2.5 million ($6.63 million).

Bahrain Kuwaiti Insurance’s profits shrank last year to BHD 2.70 million ($7.16 million) from BHD 4.24 million ($11.24 million) in 2014.

The last trading activity of the company’s stock was on 24 November, 2015, when it closed at BHD 0.6 ($1.59) as 7,000 shares were traded at BHD 4,200 ($11,140).