Abu Dhabi – Mubasher: National General Insurance’s (NIG) board recommended the distribution of AED 22.49 million in cash dividends, which makes up 15% of the company’s capital, with a per-share dividend of AED 0.015, the UAE-based insurer stated on Tuesday.
The Dubai-listed firm’s ordinary general meeting (OGM) will discuss the proposed dividends on 19 March, NIG added.
NIG posted a 30% year-on-year increase in net profit during the full-year 2017, registering AED 37 million.
