Abu Dhabi – Mubasher: Ras Al Khaimah Ceramic Company said its shareholders approved on Thursday the board of directors’ proposal to distribute cash dividends and bonus shares at 35% of capital for the fiscal year 2015.
Thirty percent of the distribution will be paid in dividends of AED 30 per share, totalling AED 245.26 million ($66.77 million).
Five percent bonus shares will be issued so as to increase the capital to AED 858.40 million ($233.70 million).
The company’s general meeting earlier agreed to distribute 35% cash dividends or AED 0.35 per share for the fiscal year 2014.
Ras Al Khaimah’s profits rose last year by 10.2% to AED 310.3 million ($84.4 million).
