Cairo-Mubasher: Arab Insurance Group (ARIG) will hold an ordinary general meeting on Monday, March 23, at 11:30.

Shareholders will discuss the board's recommendation on paying cash dividend at 5% of capital, or 5 cents per share, totaling $9.9 million.

They will also look into transferring $4.15 million to retained earnings.

The insurer posted a 23% decline in FY14 net earnings to BHD 11.4 million, compared with BHD 14.87 million.

ARIG operates with $220 million capital, divided into 220 million shares at BHD 1 par value each.