IKarus Petroleum Industries started today, Wednesday May 28, 2025, distributing cash dividends of 5% to their shareholders for the fiscal year ending December 31, 2024.

The dividends amount to 5 Kuwaiti Fils per share, totaling K.D. 2,500,000, based on the company’s total capital.

These dividends are payable to shareholders registered in the company’s records at the close of the entitlement date.

It is noteworthy that the company held its ordinary general assembly meeting on Thursday, May 15, 2025, where several important agenda items were discussed. These included the Board of Directors’ recommendation to distribute cash dividends, the election of a new Board of Directors for the upcoming three years, and the approval of incentives amounting to K.D 130,000 (one hundred and thirty thousand Kuwaiti dinars only) for the Board members for the concluded fiscal year.