Bahrain – Mubasher: Arab Insurance Group’s (ARIG) board will meet on 14 May to discuss and approve financials for the first quarter of 2015, according to filings to the Bahrain and Dubai bourses.
ARIG reported a 23% drop in its net profits for 2014, reaching $11.4 million against $14.87 million in 2013.
The company recently said that it will start paying cash dividends at 5% of capital, or 5 cents per share, totalling $9.9 million on 2 April.
ARIG’s capital amounts to $220 million, divided into 220 million shares at par value of $1 per share.
