Mubasher: National Insurance Company Ltd (NIC), which is listed on Palestine Exchange, stated that board of directors proposed the distribution of cash dividends at 12.5% of capital.

The dividend recommendation will be discussed in the company’s upcoming ordinary general meeting in late March.

The company's profits for the first nine months of 2015 fell by 97.03% to reach to JOD 778,330 ($1.09 million), compared with JOD 26.6 million ($37.4 million) in the prior-year period.