The company proposed distributing AED 20 per share (Photo Credit: Arabianeye-Reuters)
Orient Insurance
ORIENT
ORIENT
Mubasher: The board of Orient Insurance has recommended on Monday a cash dividend of 20% for the fiscal year 2016.
The company proposed distributing AED 20 per share with an overall value of AED 100 million, according to a recent bourse filing.
The UAE firm announced that during the fiscal year of 2016, net profits posted a growth of 15.4% to AED 313.85 million from AED 272.04 million in FY15.
Source:
Mubasher
