Dubai-Mubasher: Alliance Insurance shareholders gave the go-ahead to distribute a cash dividend representing 25% of the capital for 2014, amounting to AED 25 million, according to a filing to the Dubai Financial Market.

At their meeting held on Sunday, the shareholders also approved the financial statements for the fiscal year 2014.

The company previously reported a slight rise of 9% in net profits, reaching AED 48.133 million in FY14 compared to AED 44.26 million in FY13.