Mubasher: The board of Al Fujairah National Insurance has recommended a cash dividend of 10% for fiscal year 2016, according to a recent statement.

The board has proposed AED 10 per share for FY16, with a total value of AED 10 million, according to Mubasher’s latest data.

The ADX-listed company will hold its ordinary general meeting (OGM) on 9 April to discuss the proposed dividend payout.

During FY16, Al Fujairah Insurance achieved a growth of 24.9% in profits to AED 18.02 million from AED 14.42 million in FY15.