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Rebab board proposes MAD2.5/share dividends

Rebab board proposes MAD2.5/share dividends
Photo Credit: Arabianeye-Reuters
Rebab
REB
-1.39% 71.00 -1.00

Casablanca – Mubasher: Rebab Co. said its board of directors has recommended the distribution of cash dividends at MAD 2.5 per share.

The company posted MAD 470,000 ($46,400) in net profits for the fiscal year 2014, a rise by 24.7% from MAD 377,000 ($37,200) a year earlier.

Rebab operates with MAD 17.6 million capital, divided into 176,400 shares at MAD 100 par value each.