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Al Sagr Insurance OGM OKs 7.5% dividend

Al Sagr Insurance OGM OKs 7.5% dividend
Al Sagr
ASNIC
-9.88% 0.66 -0.07
Al Sagr National Insurance Co PSC (ASNIC) approved in an ordinary general meeting to distribute cash dividends of 7.5% (7.5 fils per share) of its capital for the fiscal year ending December 31, 2013.
The company said, in a filing posted on Dubai Financial Market, the total value of distribution will be AED 1.30 million.
Al Sagr released financial statements for FY13, which reflected net earnings of AED 50.795.205, compared to AED 29.337.121 in FY12.