Abu Dhabi - Mubasher: The ordinary general meeting (OGM) of Gulf Medical Projects Company approved distributing cash dividends of 5% of its capital or 5 fils per share, with a total value of AED 35 million for 2016, according to a statement.

The board of directors has recommended distributing cash dividends of 7.5% of capital or 7.5 fils per share with a total value of AED 52.4 million for 2015.

Shareholders of record until 5 April will be eligible for the dividends, which will mature on 9 April, according to the company’s statement to the Abu Dhabi Securities Exchange (ADX).

The capital amounts to AED 700 million distributed over 700 million shares with a par value of AED 1.