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Umm Al Qaiwain proposes AED 0.7/share dividends for 2016

Umm Al Qaiwain proposes AED 0.7/share dividends for 2016
(Photo credit: Arabianeye - Reuters)
QIC
QIC
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Dubai – Mubasher: Umm Al-Qaiwain Cement Industries Co's board recommended paying out dividends for 2016 at AED 0.7 per share, or 7% of capital, totaling AED 25.4 million.

The company's general meeting approved offsetting AED 17.33 million accumulated losses from the legal reserves.

The company operates with a paid-in capital of AED 363 million, divided into 363 billion shares at SAR 1 each.