Abu Dhabi- Mubasher: Al Ain Al Ahlia Insurance Co announced in a filing to Abu Dhabi Securities Exchange (ADX) that the annual general meeting approved the financial statements for the fiscal year (FY) 2014.


The meeting also ratified the Board’s recommendation to distribute a cash dividend representing 40% of the capital, totaling AED 60 million. The distribution will be effective on March 30, according to the statement.


The board had recommended a cash dividend accounting for 35% of the AED 52.5 million capital for 2014.


The company had reported a jump net profit by 54% to AED 64.95 million in FY14, compared to AED 42.177 million in FY13.