Dubai – Mubasher: Al Sagr National Insurance Company (ASNIC) said its shareholders gave the go-ahead on Tuesday to 5% cash dividends or 5 fils per share for fiscal year 2016, according to a bourse filing.
Total annual dividend payout stands at AED 11.5 million.
The shareholders also gave the go-ahead to transfer AED 100 million from the general reserve to offset accumulated losses.
The company turned profitable after generating AED 20.72 million in 2016, against losses of AED 105.03 million in 2015.
