Mubasher: The annual general meeting of Takaful Emarat on Tuesday approved distributing a cash dividend of 7% of its paid-up capital for fiscal year 2016, according to a recent statement.
The Sharia-compliant life and health insurer, which is listed on the Dubai Financial Market (DFM), will pay a total of AED 10.5 million as cash dividends to the entitled shareholders for FY16.
Takaful Emarat achieved a 47% increase in net profits to AED 15.01 million in FY16, compared to AED 10.21 million in FY15, the statement noted.
