Abu Dhabi – Mubasher: National Corporation for Tourism and Hotels (NCTH) announced on Sunday that its ordinary general meeting (OGM) will be held on 22 March.
The OGM will discuss a proposal to distribute cash dividends at 15% of the company’s capital or 15 fils per share, totalling AED 81 million ($22.053 million), for the fiscal year 2015.
Shareholders also will look into distributing bonus shares at 5% of the capital for 2015, to raise the company’s capital to AED 567 million ($154.37 million).
The Abu Dhabi listed company’s profit grew in the fourth quarter of 2015 by 26.4% to AED 63.52 million ($17.29 million), versus AED 50.25 million ($13.68 million) in the same period of 2014.
