Mutajara Real Estate Trading Company began today, Tuesday, May 6, 2025, distributing cash dividends of 3.5% to its shareholders for the second half of the year 2024.

It is noteworthy that cash dividends of 3.5% from the nominal value of the share (3.5 Fils per share) were distributed for the first half of the period ending June 30, 2024, as per the board’s decision dated August 12, 2024.

Thus, the total dividend distribution for the year 2024 amounts to 7%, compared to a 7% distribution for the year 2023. It is worth mentioning that the company announced last April an ordinary general assembly for the fiscal year ending December 31, 2024, to be held on April 16, 2025, to discuss the board’s recommendation to distribute cash dividends of 3.5% of the nominal value per share (3.5 Fils per share) for the second half of 2024, and to authorize the board to implement procedures for distributing dividends to the company’s shareholders on a semi-annual and/or quarterly basis as deemed appropriate during the fiscal year 2025 and beyond, ensuring that these are from actual profits in accordance with recognized accounting principles and standards without affecting the company's paid-in capital, along with many other items listed on its agenda.

The company urged its shareholders to subscribe to the electronic transfer service for cash dividends through their preferred bank so that the Kuwait Clearing Company can directly transfer the cash amounts resulting from the semi-annual dividend distribution for the year 2024 to their bank accounts starting today, Tuesday, May 6, 2025.