Abu Dhabi - Mubasher: The annual general meeting (AGM) of Al Fujairah National Insurance Company approved the board’s recommendation to distribute 10% of capital as cash dividends for 2016, according to a statement.

The total value of dividends amounts to AED 10 million, with AED 10 per each share, according to the company’s statement to the Abu Dhabi Securities Exchange (ADX) on Monday.

The company’s capital stands at AED 100 million, distributed over 1 million shares, with a par value of AED 100.

Profits rose 24.9% reaching AED 18.02 million in 2016, compared to AED 14.42 million by the end of 2015.