Abu Dhabi-Mubasher: Al Wathba National Insurance Company (AWNIC) increased its dividends for 2015 to be paid in cash at 10% of capital, 2.25% up from a year earlier, according to a bourse statement.

The payout approved by shareholders will total AED 20.7 million.

The shareholders ratified the company’s balance sheet, and profit and lost statement for 2015.

During their ordinary general meeting (OGM), the shareholders approved the acquisition of Vision Capital Brokerage Company.

The shareholders gave the go-ahead to transfer AED 27.35 million from the legal reserve to the retained earnings.