Mubasher: Finance House’s ordinary general meeting (OGM) on Thursday approved the dividend distribution proposed for fiscal year 2016.

The shareholders agreed on paying 6 fils per share, with a total value of AED 18.6 million, according to a bourse filing issued on Sunday.

Finance House clarified that the maturity date will be on 19 March, while the last dividend date is on 15 March.

During FY16, total gross income increased by 50% to AED 65 million from AED 43.35 million in FY15.