Cairo-Mubasher: The board of Seef Properties recommended cash dividend at 11% of paid-up capital, or 11 fils per share.

Shareholders of record until the close of trading on the ordinary general meeting date will be eligible for this dividend.

The real estate developer reported an 8% rise in FY14 net earnings to BHD 10.82 million ($28.7 million), compared with around BHD 10 million ($26.5 million) in 2013.

Seef operates with BHD 46 million capital, divided into 460 million shares, at BHD 0.1 par value each.