Abu Dhabi – Mubasher: The annual general assembly of Al Fujairah National Insurance Company (AFNIC) has approved distributing 10% of the capital as cash dividends to shareholders for the full-year 2018.
The insurance company will pay 10 fils per share, representing AED 10 million of the capital, according to a filing to the Abu Dhabi Securities Exchange (ADX) on Monday.
The assembly has also approved distributing 10% bonus shares, or a share for each 10 existing shares for the year ended on 31 December 2018.
It is worth noting that AFNIC posted a 12% year-on-year increase in profits during 2018, recording AED 31.45 million.
