Mubasher: The board members of five companies listed on the UAE markets will discuss on Wednesday their financial statements and dividend proposed for the fiscal year 2016.

The companies are Air Arabia, Union Properties (UP), Gulf Cement Co, International Fish Farming Holding (Asmak), and Ras Al khaima National Insurance Co.

During the first nine months of 2016, Air Arabia reported a growth of 7.6% in profits to AED 542 million.

Meanwhile, UP achieved a 7.6% rise in earnings to AED 146.15 million in the first nine-month period of 2015.

Gulf Cement posted a decline of 34.1% in profits to AED 30.94 million in the nine-month period.

Similarly, profits of Asmak shrank by 73.5% to AED 23.84 million in the first nine months of 2015.