Abu Dhabi – Mubasher: Ras Al Khaimah White Cement said that its shareholders approved on Thursday a cash dividend representing 5% of capital, totalling AED 24.5 million, according to a bourse filing.

The company reported a net profit decline of 37.6% to AED 31.75 million in 2014 against AED 50.86 million in 2013.

Listed on the Abu Dhabi Securities Exchange (ADX) and the Kuwait Stock Exchange (KSE), the cement firm’s capital amounts to AED 490 million at par value of AED 1 per share.