Abu Dubai- Mubasher: Al Wathba National Insurance Co’s (AWNIC) shareholders approved on Monday a cash dividend of 15 fils per share or 15% of the capital, according to a press release.
Dividends amount to AED 31.05 million, as the company’s capital stands at AED 207 million.
Shareholders have decided to transfer the net profit for fiscal year 2016 to retained earnings after deducting the EBITDA and the board members’ remunerations, the company stated.
Al Wathba Insurance had previously reported that net profit surged 203.6% to AED 55.11 million in 2016, compared to AED 18.15 million in 2015.
