Abu Dhabi - Mubasher: The annual general meeting (AGM) of Ras Al Khaimah Cement Company (RAK Cement) will discuss distributing cash dividends and annual statements for 2016 on 20 April.
The AGM will also discuss the board of directors’ recommendation to distribute 3% cash dividends for 2016 at 3 fils per share, the company said on Tuesday in a statement to the Abu Dhabi Securities Exchange (ADX).
The total value of the cash distributions will amount to around AED 16.77 million.
RAK Cement’s profits retreated 60.8% by the end of 2016 reaching AED 5.85 million compared to AED 14.93 million in the year before.
In March 2016, the AGM approved distributing 5% cash dividends for 2015 at 5 fils per share.
