Arab Orient Insurance said the ordinary and extraordinary general meetings, held on March 30, endorsed FY13 financial statements.

Shareholders also approved cash dividend at 7% of capital, or JOD 1.4 million. In addition, they okayed distributing 1.4 million bonus shares worth JOD 1.4 million to increase capital from JOD 20.03 million to JOD 21.4 million, according to Al-Ghad newspaper.