Dubai – Mubasher: The shareholders of Dubai Investments have approved paying out 10% cash dividends for fiscal year (FY) 2019.
The cash dividend distribution stands at 10 fils per share, aggregating at an amount of AED 425.201 million, according to the company's disclosure to the Dubai Financial Market (DFM) on Thursday.
During the ordinary general meeting (OGM), the shareholders set 10 June and 11 June as the dividend entitlement and exemption dates, respectively.
It is noteworthy to mention that during the fourth quarter (Q4) of 2019, the company saw around AED 198.8 million net profits, compared to AED 72.9 million losses in 2018.
