Al Sagr
ASNIC
-9.88%
0.66
-0.07
ASNIC
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%.
Source:
Mubasher