Abu Dhabi – Mubasher: Ras Al Khaimah White Cement shareholders have insisted on a bonus share dividend for fiscal year 2014 in addition to cash dividends, according to a filing to the Abu Dhabi Securities Exchange (ADX).

The bonus share item was not part of the ordinary general meeting (OGM) agenda for 25 March, the filing revealed, adding that shareholders pressed for a bonus share dividend representing 2% of capital, totalling 9.8 million shares.

The company distributed a cash dividend of 5 fils per share or 5% of capital, bringing total cash dividends to AED 24.5 million.

RAK White Cement’s capital amounts to AED 460 million divided on 460 million shares at par value of AED 1 per share.

The company reported a 37.6% decline in its annual profits for 2014, reaching AED 31.75 million against AED 50.86 million in 2013.