Abu Dhabi - Mubasher: Abu Dhabi National Hotels’ (ADNH) ordinary general meeting that was held yesterday approved board of directors’ proposal of distributing cash dividends by 7% of the capital for 2015.
A total of AED 70 million will be distributed or 70 fils per share, with an increase 40% from last year, according to bourse filing.
Annual net profits of the company grew by 18.2%.to AED 237 million during 2015, compared to AED 200.46 million in 2014.
According to the company’s statement, the maturity date will be on 20 March, while the last date to participate in the dividends is 16 March.
The company's capital amounts AED 1 billion, divided into 1 million shares at par value AED 1 per share
The board of directors recommended an increase in directors' bounce by 20% of the proposed amount from AED 5.8 million to AED 6.960 million.
