By: Ahmad Awad

Kuwait-Mubasher: Independent Petroleum Group’s (IPG) shareholders approved the 25% dividends recommended by the board for the fiscal year 2015.

IPG agreed on paying 25 fils per share as cash dividends, with an overall value of KWD 3.8 million ($12.5 million), according to the minutes of the ordinary general meeting on Tuesday.

IPG stock levelled up 1.69% to 300 fils half an hour before closing Tuesday’s session, after about 220,400 shares were traded at nearly KWD 65,000.