Abu Dhabi – Mubasher: Finance House’s board has recommended a cash dividend to shareholders at 5% of capital and amounting to 5 fils per share for 2017.

Distributions will register a total value of AED 15.5 million for the year, Finance House said in a filing to the Abu Dhabi Securities Exchange (ADX) on Thursday.

These are the lowest dividend distributions by the company.

In 2016, Finance House distributed 16.6% in cash dividends.

Shareholders registered in the company’s books on 28 March 2018 will be entitled to the distributions, Finance House added.

Finance House last posted AED 34.3 million ($9.34 million) in profits in 2017, down 15% from AED 40.3 million ($10.97 million) in 2016.