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Dubai Investments AGM to meet early April on dividends

Dubai Investments AGM to meet early April on dividends
Photo Credit: Arabianeye-Reuters
Dubai Investments
DIC
0.87% 2.33 0.02

 

Dubai – Mubasher: Dubai Investments said its board of directors has set 8 April for the annual general meeting (AGM), which will convene at the company’s headquarters at 4:30 pm to dicsuss the company’s annual dividends.

The OGM will discuss a cash dividend of 12% and 6% bonus share distribution for the year ended 31 December 2014, the company said in its filing to the Dubai Financial Market (DFM).

Dubai Investments reported a net profit surge by 63% in 2014, reaching AED 1.341 billion compared to AED 822.32 million in 2013.

Its capital amounts to AED 3.82 billion divided on 3.82 billion shares at par value of AED 1 per share.