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Manazel nods to 4% dividends for FY16

Manazel nods to 4% dividends for FY16
One of Manazel's projects (Photo Credit: Company Website)
Manazel
MANAZEL
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By: Amr Adel

Abu Dhabi – Mubasher: Manazel Real Estate said its shareholders approved on Thursday, 18 May, 4% cash dividends or 4 fils per share for fiscal year 2016, according to a statement.

Total dividends amount to AED 104 million for FY16.

The company’s profits grew 5.6% to AED 206.5 million by the end of 2016, compared to AED 195.5 million a year earlier.

Translated by: Julian Nabil