UAE - ADNIC shareholders approve 30% cash dividends
Monday, 03 16 2020, Category: Insurance and Reinsurance, Country: U.A.E
The shareholders of Abu Dhabi National Insurance Company (ADNIC) have approved the board’s proposal to distribute cash dividends for fiscal year (FY) 2019 at 30% of the company's capital.
The distribution of cash dividends will be at AED 0.30 per share, amounting to a total of AED 144.6 million.
The approval came during the ordinary general meeting (OGM) held on Sunday, 15 March, according to the company’s statement.
It is noteworthy to mention that last year, the net profits of ADNIC surged by 20.7% to AED 284.250 million from AED 235.644 million in 2018.