Dubai – Mubasher: National Cement Company’s (NCC) board recommended the distribution of AED 53.8 million in cash dividends for 2017, with a per-share dividend of AED 0.15, according to a company statement released on Thursday.

The projected dividends account for 15% of the Dubai-listed firm's capital, the Emirati cement producer revealed. 

NCC reported a decrease in profits to AED 53.577 million ($14.59 million) during the full-year 2017 from AED 89.02 million ($24.24 million) a year earlier.