Mubasher: Fujairah Cement Industries Co’s ordinary general meeting (OGM) on Thursday approved the recommendation of distributing 6% of the capital as cash dividends for fiscal year 2016.
The company, which is listed on both Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX), will pay a total of AED 21.35 million ($5.81 million) as cash dividends to the entitled shareholders, according to a bourse statement issued on Sunday.
During FY16, Fujairah Cement achieved a net profit of AED 56.72 million when compared to AED 50.65 million in FY15.
