Abu Dhabi-Mubasher: National Marine Dredging Co. said that its board recommended to pay 50% dividends or 50 fils per share payout for the fiscal year 2015, according to the company’s statement.
The proposed dividends stand at a total value of AED 250 million.
The board also approved, during its meeting on 6 March, the FY15 financial statements.
The shareholders’ meeting is scheduled to be held on 19 April, the statement said.
The company’s stock rose 1.3% to reach AED 4.6 by 11:50am UAE time.
