Abu Dhabi – Mubasher: Gulf Medical Projects Company said its board approved 200% interim cash dividends, according to a statement.

The board approved the dividends following the announcement of positive results for the first quarter of 2017.

Shareholders of record on 24 May will be entitled to receive dividends.

The company reported a 2,665% increase in its profits to AED 1.43 billion ($389.4 million) in the first quarter of 2017, compared to AED 51.72 million ($14.1 million) in the prior-year period.