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NGI proposes 25% cash dividend

NGI proposes 25% cash dividend
Photo Credit: Arabianeye-Reuters
NGI
NGI
-0.32% 6.28 -0.02

 

Dubai – Mubasher: Following its announcement of its financials, National General Insurance (NGI), listed on the Dubai Financial Market (DFM), announced that its Board of Directors has proposed a cash dividend representing 25% of capital, totaling AED 37.5 million.

NGI’s capital amounts to AED 150 million divided on 150 million shares at par value AED 1 per share.

NGI reported a net profit of AED 79.63 million for FY14 against AED 125 million for FY13, registering a 36.35% decline.