Jazeera Airways’ board of directors has recommended a cash dividend of 47.619% or 47.619 fils per share for the fiscal year 2014.
The firm posted losses worth KWD 2.88 million in FY-14, affected by the aircrafts’ sale deal.
Jazeera Airways will pay the dividends by installments in the coming months, and the final installment payment will be in August 2015.
The board proposed to decrease the capital by 52.38% to KWD 20 million from KWD 42 million. The capital decrease will be carried out at 5.238 shares per each 10 shares, equaling 100 fils per share.
The firm’s current capital stands at KWD 42 million, distributed on about 420 million shares with a par value of 100 fils per share.
