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.