Abu Dhabi – Mubasher: Abu Dhabi Ship Building's (ADSB) board of directors on Tuesday recommended the distribution of AED 21.2 million ($5.77 million) in cash dividends, representing 10% of the company’s capital for 2017 profits with a dividend per share of 10 fils, according to a filing to the Abu Dhabi Exchange (ADX).
The ADX-listed company’s capital amounts to AED 211.99 million distributed over 211.99 million shares at a par value of AED 1 per share.
ADSB’s board has planned to discuss the dividend proposal at the general meeting on 15 March.
