Abu Dhabi – Mubasher: RAK Ceramics’ ordinary general meeting (OGM) approved the distribution of AED 214.6 million in cash dividends, with a per-share dividend of AED 0.25, making up 25% of the company’s capital, the Abu Dhabi-listed ceramic producer stated on Wednesday.
The OGM also approved 5% bonus shares to increase the company’s capital to AED 901.32 million from AED 858.4 million.
RAK Ceramics posted AED 40.1 million in net profit during the fourth quarter of 2017.
