Dubai – Mubasher: Takaful Al Emarat said its board recommended cash dividends representing 7% of the paid-up capital for 2016, equivalent to 7 fils per share, according to a statement.
Total proposed dividends amounted to AED 10.5 million for 2016.
The company’s capital amounts to AED 150 million, distributed on 150 million shares at AED 1 per share.
The shareholders will hold a meeting on 7 March, which is subject to the approval of the Securities and Commodities Authority’s (SCA) approval, to discuss the board’s recommended dividends.
