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DI recommends 12% cash dividend, 6% bonus issue

DI recommends 12% cash dividend, 6% bonus issue
Photo Credit: Arabianeye-Reuters
Dubai Investments
DIC
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Dubai – Mubasher: The Board of Directors of Dubai Investments (DI) has recommended 12% cash dividend and 6% in bonus shares, a total of 18%, to shareholders, totaling AED 642.3 million, DI announced in a bourse filing to the Dubai Financial Market (DFM).

This follows, DI’s announcement of a 63% net profit surge in 2014 to AED 1.341 billion in FY14 against AED 822.32 million net profit achieved in 2013.

The recommended dividend amounts to around 48% of 2014’s net profit.

DI’s capital amounts to AED 3.82 billion divided on 3.82 billion shares, at par value AED 1 per share.