Abu Dhabi – Mubasher: Gulfa Mineral Water and Processing Industries said its board recommended 4% cash dividends or 4 fils per share for fiscal year 2016, according to a bourse filing.

Total proposed dividends amount to AED 1.2 million for FY16.

The company’s capital amounts to AED 30 million, distributed on 30 million shares at AED 1 per share.

The shareholders will hold their meeting on 25 April to discuss the company’s results, and proposed dividends for FY16.