Mubasher: The board members of Al Jazira Takaful Taawuni Co recommended distributing a cash dividend of 5% or SAR 0.50 per share for fiscal year 2016.

The dividend payout will have an overall value of SAR 17.5 million, according to a bourse statement issued on Wednesday.

During the fiscal year, profits soared 46.76% to total SAR 25.9 billion.