KUWAIT, April 17 (KUNA) -- Kuwaiti giant telecom operator (Zain) has announced that it started Sunday transferring dividends to the accounts of shareholders whose bank account numbers are recorded with the Kuwait Clearing Company (KCC). In a press briefing, Zain urged shareholders whose account numbers are not known to the Kuwait Clearing Company to visit the KCC headquarters on Monday to take cheque of their profits. In its meeting on April 12, Zain General Assembly recommended the distribution of 200 percent cash dividends on shareholders, 200 fils per share for 2010, at a total value of KD 776.36 million.
The company has also revealed that its total revenues 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.
Share profits also jumped in 2010 to 275 fils vis-@-vis only 51 fils in 2009. - Kuna