Mubasher: Al Khaleej Investment held its ordinary general meeting (OGM) on 6 April, approving the board’s recommendation of distributing cash dividends and bonus shares for fiscal year 2016.

The company will pay 15% cash dividends or 15 fils per share to the entitled shareholders, with a total value of AED 15 million, according to a bourse filing issued on Sunday.

Al Khaleej will also distribute 5% bonus shares or 5-for-100 shares, raising the capital to AED 105 million from AED 100 million.

During FY16, Al Khaleej Investment’s profits increased by 12.2% to AED 30.82 million from AED 27.47 million in FY15.