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Orient Insurance approves annual dividends

Orient Insurance approves annual dividends
Orient Insurance’s capital amounts to AED 500 million (Photo Credit: Arabianeye-Reuters)
Orient Insurance
ORIENT
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Abu Dhabi – Mubasher: Orient Insurance Company said its shareholders approved on Tuesday 20% cash dividends for fiscal year 2016, according to a bourse filing.

Total dividend payout will amount to AED 100 million ($27.22 million) for FY16.

The company’s capital amounts to AED 500 million, distributed on 5 million shares at AED 100 per share.