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Orient AGM approves AED1m dividends

Orient AGM approves AED1m dividends
Photo Credit: Arabianeye-Reuters
Orient Insurance
ORIENT
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Dubai – Mubasher: Orient Insurance announced in a filing to the Dubai Financial Market (DFM) that its annual general meeting (AGM) has approved a cash dividend representing 20% of capital and totaling AED 100 million for the fiscal year ended 2014.

Financials for the period reveal a net profit growth by five percent to AED 252 million against AED 240 million in 2013.

Orient’s capital amounts to AED 500 million divided on five million shares at par value AED 100 per share.