Abu Dhabi- Mubasher: National Corporation for Tourism and Hotels (NCT&H) announced in a filing to Abu Dhabi Securities Exchange (ADX) that the Board recommended a cash dividend and a bonus share of 37.5%, amounting to AED 180 million.

The Board proposed a cash dividend of 25% (25 fils per share) amounting to AED 120 million, in addition to a bonus share of 12.5% totaling 60 million shares. 
The statement highlighted that the capital rose from 480 million shares to 540 million shares.

NCT&H reported a jump in profit by 29% to AED 158.72 million ($43.2 million) in the fiscal year (FY) 2014, compared to AED 123.274 million ($33.56 million) in FY13.

It is worth highlighting that the company’s capital amounts to AED 480 million, distributed on 480 million shares at AED 1 par value.