In its annual meeting, the General Assembly of the Kuwaiti Telecom company Zain recommended the distribution of 200 percent cash dividends on shareholders, 200 fils per share for 2010.

In the meeting, Zain Board Chairman Asaad al-Banwan revealed that the total revenues of the company in the year, ending 31 December 2010 amounted to KD 1.
352 billion, up 7 percent a year earlier.
The net profit, however, skyrocketed 445 percent to KD 1.036 billion compared with KD 195 million.
The share's profits also jumped in 2010 to 275 fils vis-@-vis only 51 fils in 2009.
Banwan pointed out that Zain operating profits went up to KD 449 million against KD 434 million in the corresponding period, up 4 percent.
The number of company customers grew by 23 percent to stand at 37.239 million, he added.
Zain Chairman said 2010 was a decisive year for the telecom group at the level of its operation and investment plans.
The last period has witnessed a number of decisions that sqeeded the levying of gains of the company's expansion strategy.
Awarding Zain an international prize, named "The Deal of Year", for its deal of selling its African assets to India's Bharti Airtel shows that the company moves on the right track, Banwan said.
He disclosed that the company had carried out an all-out restructure process included all departments to conform with its new activities and strategies.
The meeting also witnessed the election of a new board for a three-year term.
The new board members are Banwan; Bader Al-Kharafi, deputy chairman of Kuwait's Kharafi Group; Sheikha Al-Bahar, National Bank of Kuwait's chief executive officer for Kuwait; Abdul-Aziz Al-Nefasi; Jamal Al-Kathemi; Jamal Al-Kendari and Abdul-Mohsen Al-Fares. - Kuna