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ADSB shareholders nod to annual dividends

ADSB shareholders nod to annual dividends
One of ADSB's ships (Photo Credit: Company Website)
ADSB
ADSB
-0.98% 8.05 -0.08

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) said its shareholders approved 10% cash dividends, equivalent to 10 fils per share, for fiscal year 2016, according to a bourse statement.

Total dividend payout stands at AED 21.2 million for FY16.

The shareholders gave a nod to the remunerations of the company’s board members.

The shareholders’ meeting will be postponed to 20 April in case of incomplete quorum.