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Damac nods to 25 fils/shr dividends for FY16

Damac nods to 25 fils/shr dividends for FY16
Damac’s capital amounts to AED 6.05 billion (Photo Credit: Company Website)
Damac
DAMAC
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Dubai – Mubasher: Damac Properties said its shareholders approved 25% cash dividends or 25 fils per share for fiscal year 2016, according to a bourse statement.

The company’s shareholders gave a nod to a total of AED 1.51 billion dividends for FY16.

Damac’s capital amounts to AED 6.05 billion, distributed on 6.05 billion shares at AED 1 per share.