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RAK Insurance’s board proposes AED 16.5m dividends

RAK Insurance’s board proposes AED 16.5m dividends
The dividends amount to AED 16.5 million
RAK Insurance
RAKNIC
-10.00% 2.70 -0.30

Abu Dhabi – Mubasher: RAK Insurance’s board on Monday recommended the distribution of 15% of its capital (AED 15 per share) in cash dividends for 2017.  

The proposed dividends amount to AED 16.5 million of RAK Insurance’s AED 110 million capital, according to a company statement.

The Abu Dhabi Securities Exchange (ADX) listed firm reported a 12.5% decline in net profit during the fourth quarter of 2017.