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Al Sagr Insurance to pay 5% cash dividend

Al Sagr Insurance to pay 5% cash dividend
Al Sagr
ASNIC
-9.88% 0.66 -0.07
The ordinary general meeting of Al Sagr National Insurance Co. approved paying cash dividend at 5% of capital, or AED 50 a share. This is the first time in which the company will pay cash dividend since inception. It had distributed bonus shares at 25% last year, Al Khaleej newspaper reported. The company generated net profit of AED 33 million for Q1-14, rising 8.44%.