Dubai – Mubasher: Dubai National Insurance and Reinsurance (DNIR) said its shareholders gave the go-ahead to 25% cash dividends, or 25 fils per share, for fiscal year 2017. 

Total dividend payout amounts to AED 28.9 million, according to a bourse statement.

The board approved a remuneration of AED 3.825 million, representing 10% of net profits

Net profits reached AED 3.55 million in the fourth quarter of 2016, up 94% from AED 1.83 million in the same quarter of 2015.