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Gulf Medical Projects nods to annual dividends

Gulf Medical Projects nods to annual dividends
Gulf Medical's capital amounts to AED 700 million (Photo Credit: Arabianeye-Reuters)
GMPC
GMPC
-4.04% 1.90 -0.08

Abu Dhabi – Mubasher: Gulf Medical Projects said its board gave the go-ahead to 5% cash dividends or 5 fils per share for fiscal year 2016, according to a bourse statement.

Total approved dividend payout amounts to AED 35 million for FY16.

The company’s capital amounts to AED 700 million, distributed on 700 million shares at AED 1 per share.