Tabreed proposes dividends for FY16

Mubasher: National Central Cooling Co’s (Tabreed) board meeting on Sunday recommended a cash dividend of 6.5% or 6.5 fils per share, according to a recent statement.

Thus, the company will pay an overall dividend of AED 48 million for the fiscal year 2016, according to data available for Mubsher.

During FY16, the company posted a rise of 6% in profits to total AED 367.4 million.

 

Mubasher Contribution Time: 30-Jan-2017 07:37 (GMT)
Mubasher Last Update Time: 30-Jan-2017 07:37 (GMT)