Ooredoo Kuwait, part of the international Ooredoo Group, recently signed a memorandum of understanding (MOU) with Kuwait Clearing Company (KCC) to help Ooredoo transfer 2015 cash dividends to its shareholders.
The agreement enables Ooredoo Kuwait to have an easier banking transfer and allow shareholders to receive their dividends through the KCC website. They can also access the dividends through any other bank branch that uses the same service transformation form; after filling out the form, they can submit it to the bank. Shareholders can also finish the transfer process and update their data in the same way, beginning in October.
The MOU shows that the company intends to use only advanced, new services in order to simplify the efforts of its shareholders and save them time.
The service from KCC is highly developed and extremely safe. Experts said that it is much safer than issuing checks with the shareholders’ names and then receiving the checks in person.
Ooredoo and Kuwait have partnered for various projects since December 1999.