Dubai – Mubasher: Orient Insurance said its board will meet on 20 April to discuss the company’s financials for the first quarter of 2015, according to a filing to the Dubai Financial Market (DFM) on Wednesday.

On 5 April, the board approved Orient’s financials for the period ended 28 February.

Dubai-listed Orient Insurance reported a 5% rise in its net profits for fiscal year 2014, reaching AED 252 million compared to AED 240 million in FY13.

The company’s annual general meeting (AGM) approved on 25 February a cash dividend representing 20% of capital and totalling AED 100 million for FY14.

Orient’s capital amounts to AED 500 million divided on 5 million shares at par value of AED 100 per share.