Abu Dhabi – Mubasher: Fujairah Building Industries Co. (FBICO) announced on Sunday that its ordinary general meeting (OGM) has approved the board’s recommended dividends amounting 9.48 million shares, representing 7.5% of capital of 126.5 million shares.

Following the dividends, the company’s capital will rise to 135.987 million shares, FBICO said in its filing to the Abu Dhabi Securities Exchange (ADX).

FBICO reported a 113.65% surge in its net profit for 2014, reaching AED 6.18 million compared to AED 2.9 million in 2013.