By: Amr Adel
Dubai – Mubasher: Dubai Investments’ shareholders agreed Wednesday on distributing cash dividends at 12% of the company’s issued capital for the fiscal year 2015, totalling AED 486 million ($132.32 million), forming about 44% of the company’s net profit reached in 2015.
The dividend eligibility will be for shareholders registered till the end of trading on the OGM date, 24 April. Cash dividends, versus AED 687.6 million ($187.21 million)
Total dividends distributed for the fiscal year 2014 reached AED 687.6 million ($187.21 million), including AED 458.4 million ($132.16 million) cash dividends and AED 229.2 million ($62.40 million) bonus shares, to data compiled by Mubasher.
The company’s earnings dropped nearly 18% to AED 1.10 billion in FY15, compared with AED 1.34 billion a year earlier.
Dubai Investments’ assets reached about AED 15.3 billion ($4.17 billion) by the end of 2015, compared to AED 14.5 billion ($3.95 billion in 2014.
Shareholders’ equity amounted to AED 10.7 billion ($2.91 billion) last year, against AED 10.1 billion ($2.75 billion) in 2014.
Deputy Chairman, Hussain Al Junaidy, said that the company is seeking to diversify its investments, expecting a rise in assets to about AED 20 billion ($5.45 billion) during the next three or five years.
Translated by: Elwy el-Manzalawy
