Abu Dhabi-Mubasher: RAK Properties’ shareholders Saturday gave a go-ahead to pay 5% dividends or AED 0.5 for 2015, according to a bourse filing.
Thus, dividend distribution for 2015 will amount to AED 100 million.
The real estate developer earlier reported a slight rise by 2.8% in net profit for 2015 to AED 160 million, from AED 155.74 million a year earlier.
The company’s capital amounts to AED 2 billion, distributed on 2 billion shares at AED 1 par value.
