Abu Dhabi – Mubasher: Sharjah Insurance Co said its shareholders approved the board’s proposal to approve 7% cash dividends, or 7 fils per share, for fiscal year 2016, according to a bourse statement.
Total dividend payout amounts to AED 9.63 million for FY16.
The shareholders also set the last day for participation at 4 April, with the maturity date determined at 6 April.
The company’s capital amounts to AED 137.5 million, distributed on 137.5 million shares at AED 1 par value.
