Dubai - Mubasher: The board of National General Insurance (NGI) recommended the distribution of cash dividends to shareholders at 12% of issued and paid capital.

This means that cash dividends for 2016 are set to reach AED 18 million, since the company’s capital totals AED 149.95 million.

According to the company’s statement to the Dubai Financial Market (DFM) on Sunday, the board set 19 March as the date of the ordinary general meeting (OGM) to discuss cash dividends.