Baghdad Soft Drinks (IBSD) held its AGM* today (May 3, 2018). In the meeting, the company approved 2017 annual financial results, decided to distribute 10% cash dividend (IQD0.10 dividend per share, 2.5% dividend yield) and approved importing and installing a mechanical inventory for vertical inventory storage, establishing new Aquafina production line and a new soft drinks production line for cans. In addition, IBSD is planning to discuss the following issues in its next general meeting: increasing its capital from IQD177.3 bn to IQD200.0 bn through bonus issue; establishing a factory in Basra to be able to dominate the market in the six southern provinces and purchasing Northern Soft Drinks Company to control the province of Mosul; and exporting Aquafina to neighboring countries.