Mubasher: Injazzat Real Estate Development’s ordinary general meeting approved the board’s recommendation of distributing 5% cash dividends for fiscal year 2016.

The company will pay 5 fils per share to the entitled shareholders for the fiscal year, according to a bourse statement issued on Monday.

During FY16, profits grew 2.9% to total KWD 3.16 million from KWD 3.07 million in FY15.

At the stock level, Injazzat closed Monday’s session at 93 fils, after nearly 185,190 shares were exchanged at a value of around KWD 17,060.