Abu Dhabi-Mubasher: Al Wathba National Insurance Company’s board has recommended on Wednesday a distribution of 7.5% cash dividends or 7.5 fils per share for the fiscal year 2015.
The proposed dividends stand at AED 15.5 million ($4.22 million), the company said in a bourse statement.
Al Wathba board has approved the annual accounts, and set 20 April for holding an extraordinary general meeting.
The company, which is listed on ADX, posted net profits worth AED 7.87 million ($2.142 million) in the fiscal year 2015, compared to AED 109 million ($29.676 million) in 2014, a decline of 93%.
