Abu Dhabi – Mubasher: Umm Al Qaiwain General Investment announced that the company’s board of directors had approved a cash dividend distribution of 5% or 5 fils per share for 2018 during an ordinary general meeting (OGM) held on Saturday.
The Abu Dhabi- and Kuwait-listed company’s capital reaches about AED 363 million, distributed over 363 million, with a nominal value of AED 1 a share.
The total cash dividends amounted to AED 18.15 million and will be distributed within 30 days from the OGM date, according to a statement to the Abu Dhabi Securities Exchange (ADX).
For the full-year 2018, Umm Al Qaiwain’s profits fell 9.23% to AED 15.754 million ($4.288 million), compared to AED 17.209 million ($4.68 million) in 2017.
