Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of National Marine Dredging Company approved to pay 25% cash dividends to shareholders for fiscal year (FY) 2019.
The cash dividend distribution amounts to AED 62.5 million, according to the company's disclosure to Abu Dhabi Securities Exchange (ADX) on Monday.
During the meeting, shareholders set the last entitlement date on 29 June and the ex-dividend date on 30 June.
In 2019, the company's net profits rose to AED 180.8 million, compared to AED 120.9 million in 2018.
