Mubasher TV
Contact Us Advertising   العربية

Alliance Insurance proposes AED 25m dividends

Alliance Insurance proposes AED 25m dividends
Photo Credit: Arabianeye-Reuters
Alliance Insurance
ALLIANCE
1.70% 390.00 6.50

 

Dubai – Mubasher: Alliance Insurance announced that its board of directors has recommended a cash dividend, representing 25% of capital and totaling to AED 25 million for the year ended 2014.

The annual general meeting has been slated for Sunday, 5 April, following the approval of the relevant authorities, the filing to the Dubai Financial Market (DFM) revealed.

Alliance Insurance reported a net profit of AED 48.133 million in 2014 compared to AED 44.26 million in 2013, an increase by 9%.

Its capital amounts to AED 100 million divided on 100 million shares at par value AED 1 per share.