UAE - Insurance House shareholders approve 4% dividends
Wednesday, 04 01 2020, Category: Insurance and Reinsurance, Country: U.A.E
The ordinary general meeting (OGM) of Insurance House (IH) has approved to pay out 4% cash dividends for 2019.
The distribution of cash dividends will be at 4 fils per share, aggregating at a total amount of AED 4.75 million, the company disclosed to the Abu Dhabi Securities Exchange (ADX) on Thursday.
In 2019, the company's net profits surged by 51.9% to AED 16.17 million, compared to AED 10.64 million in 2018.