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Umm Al Qaiwain nods to annual dividends

Umm Al Qaiwain nods to annual dividends
The company’s capital amounts to AED 363 million (Photo Credit: Arabianeye-Reuters)
QIC
QIC
6.00% 1.06 0.06

Abu Dhabi – Mubasher: Umm Al Qaiwain General Investments Company said its board approved a total of AED 25.41 million ($6.92 million) of dividends for fiscal year 2016, according to a bourse statement.

The company will distribute 7% cash dividends, equivalent to 7 fils per share, for FY16.

Umm Al Qaiwain’s capital amounts to AED 363 million, distributed on 363 million shares at AED 1 per share.